Ethereum is moving in a downward channel and is now nearing its lower boundary.
Trading volumes have declined as the correction.
The price is in a liquidity zone above a strong support level.
Main MAs are bullish (4H TF)
BB indicator - oversold (1H TF)
TD Sequential is forming an upside reversal signal (30m TF)
I expect that ETH will test the lower limit of the channel, and after fixing above it will start the rebound.
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