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June 23, 2025

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ETHUSD: Short-term outlook

ETHUSD, H4

ETHUSDH4.png

On the H4, ETHUSD has formed a descending channel pattern. The price bounced off the lower trend after crossing the lower Bollinger line. CCI has also come out of the oversold zone, and Imbalance is at the top.

  • If ETHUSD consolidates above 2290, a rise to 2400 to the upper trend line is possible.

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

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Egor Schmidt

Author: Egor Schmidt

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