Signal ETHUSD Sell — M15 - June 21, 2026 13:49 GMT-4
On the M15 timeframe for ETHUSD, the price has been consolidating within a descending channel since the 1740.29 high, with consecutive lower closes and weak bullish momentum. The recent candle closes at 1727.76 (signal entry) follow a sharp decline from the prior high, indicating a potential bearish reversal. Volume spikes during the downtrend, particularly at 1727.76, suggest strong selling pressure validating the short setup. The price is now approaching key support at 1725.16, which has held multiple times, creating a potential bounce setup. However, the recent consolidation between 1725.16 and 1739.38 (SL) shows a lack of bullish conviction, with higher…