Technical analysis by TuffyBro about Symbol ETH on 6/11/2025

The chart shows **ETH/USD (Ethereum to USD)** on the **4H timeframe**, forming a **rising channel** pattern. Here's a breakdown of the analysis:---### 🔍 **Pattern Identified*** **Rising Channel** (also known as an ascending channel): * **Upper Resistance Line:** Price is currently testing this line. * **Lower Support Line:** Held multiple times, confirming structure.---### 📈 **Current Price Action*** **Price:** \~\$2,796.7* ETH is **at the top of the channel**, facing strong **resistance**.* Recent move was sharp and bullish, indicating momentum.---### ⚠️ **Possible Scenarios**#### ✅ **Bullish Breakout (Less Common in Channels)*** If price **breaks above** and **closes convincingly above the channel**, especially with high volume: * Target zones: \$2,900 → \$3,000 → \$3,200. * Look for **bullish continuation setups** on lower timeframes.#### ❌ **Rejection from Resistance (More Likely)*** If price **rejects the top** of the channel: * Expect a pullback toward the **mid-line** or **lower support** (\~\$2,550 to \$2,400). * This would offer a potential **buy-the-dip** opportunity.---### 📉 **Bearish Confirmation*** A **breakdown below the lower trendline** (\~\$2,400): * Invalidates the channel. * Could trigger deeper correction toward \$2,200 and below.---### 📊 **Strategy Suggestions**#### If Trading the Range:* **Sell/Short** near top of channel (\~\$2,800), SL above channel.* **Buy/Long** near bottom of channel (\~\$2,400), SL below channel.#### If Anticipating Breakout:* **Wait for retest** after breakout and enter on confirmation.* Use trailing stops to manage risk.---### 🧠 Summary| Bias | Direction | Reason || ------- | ------------- | ------------------------------------------- || Neutral | Ranging | Still inside the channel || Bullish | Above \$2,850 | Breakout with volume can fuel momentum || Bearish | Below \$2,400 | Breakdown from channel means trend reversal |Closing eth short here i hope you all made good money.will re enter if it breaks down