Signal ETHUSD Sell — M15 - May 31, 2026 08:04 GMT-4
On the M15 timeframe for ETHUSD, the price has been consolidating within a descending channel, marked by lower highs and lower lows. The recent candles show a bullish false breakout above the 2018.68 level, followed by a sharp decline, indicating weak momentum and potential overbought conditions. The close at 2018.68 acted as a key resistance, with volume dipping to 1134, suggesting lack of buying pressure to sustain the move. The pair is now testing support at 2015.46, where previous consolidation phases have seen retracement levels. With the current setup showing a breakdown below the 2018.68 high and declining volume, the…