Chart for ETH/USD (4H)
Ethereum (ETH) has been trading in a strong ascending channel since the first signs of a trend reversal appeared. However, all hope of a recovery is once again lost as Ethereum (ETH) has just broken this channel. The above chart for ETH/USD shows that Ethereum (ETH) has entered a descending channel on the 4H timeframe. The price is likely to resume trading downward as there is no near term support.