Ethereum at Critical Support – What’s Next?

📊 ETH/USDT – 4H Chart Analysis

1️⃣ Descending Channel:
Ethereum is still moving inside a clear descending channel. Sellers remain in control as every rally to the channel top has been rejected.

2️⃣ Trendline Break:
The short-term ascending trendline (orange) has just been broken with strong selling pressure, dragging the price into the $4,200 – $4,250 support zone.

3️⃣ Key Support Zone:
The first major support lies at $4,200 – $4,250. If this level holds, ETH could see a short-term rebound toward $4,400 – $4,600.

4️⃣ Main Buy Zone:
If $4,200 fails, the next strong demand zone sits at $3,950 – $4,100, aligning with the lower boundary of the descending channel. This is where stronger buying interest is expected.

5️⃣ Resistance Levels:
• Near-term: $4,450 – $4,600
• Major: $4,750 – $4,800

⚖️ Summary:
• Bullish scenario: Holding $4,200 → bounce to $4,400 / $4,600.
• Bearish scenario: Losing $4,200 → drop to $4,000 – $3,950 (main BUY zone).

👉 At this stage, trading in the middle of the channel is risky. Safer entries come either near $4,000 – $4,100 or after a confirmed breakout above $4,600.