$ETH – 4.4K Reclaim or 4.1K Sweep? 👀

[theSignalyst]

On the 1H, ETH broke its rising channel and is sliding inside a descending red channel.
Key intraday levels: $4,500 resistance, $4,400 pivot, and $4,100 / $4,000 supports.

Plan

Bullish: Look for longs on a clean reclaim of $4,400 (then BOS), aiming for $4,500 and liquidity above.

Bearish / buy-the-dip: If the drop continues, watch the $4,100 → $4,000 demand band for a reaction to fade back up.

Invalidation

A 1H close below $4,000 weakens the bounce idea and opens further downside.

️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

Stick to your trading plan regarding entries, risk, and management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr.