Technical analysis by Smart_Trading_Strategy about Symbol ETH on 5/31/2025

ETHUSD – Channel Breakdown and Support Retest in Play (4H Chart)Ethereum has recently broken below a rising channel structure on the 4H timeframe, indicating a possible shift in short-term momentum.🔹 Channel Structure: Price maintained higher highs and higher lows within a well-defined ascending channel.🔹 Breakdown: A clean break below the lower trendline suggests weakening bullish momentum.🔹 Support Zone: ETH is approaching a previously tested support area, which may act as a reaction zone.🔹 Retest Potential: If price moves back upward, watch for a retest of the broken channel as resistance.🔹 Risk Area Highlighted: If support fails, further downside may be possible.This chart is shared for educational and technical analysis purposes only. No financial advice is being offered.