Signal ETHUSD Sell — H4 - July 16, 2026 15:17 GMT-4
On the H4 chart of ETHUSD, the market has transitioned from a sharp rally that peaked near 1929 to a clear downtrend. The last eight candles show a series of lower highs (1903 → 1885 → 1871) and lower lows (1870 → 1858 → 1845), confirming bearish momentum. Volume has remained robust, averaging 12‑15k contracts, which adds conviction to the price decline and suggests that sellers are in control. A bearish engulfing pattern formed at the 1873 level, where the red candle closed well below the prior green candle’s body, indicating a potential reversal point. Given the established downtrend, the…