On the ETHUSD H1 chart the market has been carving a descending channel since the peak around 2079, with each swing lower and the 2020‑2022 zone now acting as strong resistance. The last three hourly bars show a tightening range: the bar ending at 02:00 UTC opened near 2012.8, tested a low of 2006 and closed marginally higher, while the preceding bar made a fresh low at 2006.78 and closed at 2012.8. Volume surged on the 01:00 UTC bar (≈96 k contracts), confirming the sell‑off that broke the 2020 resistance and pushed price below the 2008‑2009 support cluster. With momentum…

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