Signal ETHUSD Sell — H1 - June 21, 2026 17:04 GMT-4
On the H1 chart of ETHUSD, the pair has been consolidating after a prolonged uptrend, with recent price action forming a descending pattern. The close at 1724.15 on the 17th candle marks a key pivot point, followed by a bearish retracement that failed to breach the prior low at 1721.37. Volume has been declining during this consolidation phase, suggesting diminishing bullish momentum. The formation of a bearish candlestick pattern, combined with the price hovering near the recent low, indicates potential for a reversal. The current structure shows resistance at 1745.16, which has been tested multiple times, and the price is…