Signal ETHUSD Sell — H1 - July 16, 2026 00:01 GMT-4
On the H1 chart of ETHUSD, the market has transitioned from a sharp rally that pushed the price above the 1930‑1935 resistance zone to a clear pull‑back. The last three candles have closed below the 1925 level, forming a descending channel with lower highs and lower lows, indicating weakening bullish momentum. Volume peaked during the upward breakout (6‑8k contracts) but has tapered to 1‑2k on the recent consolidation, suggesting that the buying pressure is fading. The price is now testing the previous intraday low around 1918, which could act as a new support, while the 1935 high remains a strong…