On the H4 chart of ETHUSD the market has been carving a descending channel since the 2145 high on 2026‑05‑22. The last three candles have each opened lower, with the most recent bar closing at 2077 and exhibiting a volume surge of over 140 k, confirming aggressive selling pressure. A key resistance at ~2100‑2120 was breached on strong volume, turning that zone into a new bearish support. The price now trades below the 2090‑2105 swing low, which historically acted as a floor; its violation suggests that the next logical target lies near the 1950‑2000 range, where the prior consolidation occurred.…

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