ETHUSD 45m - Ethereum / US Dollar - Bitstamp

Price is trading inside a rising channel / ascending wedge.
You can see a big consolidation box from 13th-17th Aug, then a breakout pump.

### Key Levels Marked:
1. Resistance: Top blue trendline of the channel. Price just rejected from here.
2. Current Move: Pullback after hitting resistance
3. Target Zone: Marked with arrow pointing down to the lower part of channel. This is the first support retest zone.

### Scenario:
- Bearish short-term: Rejection from channel resistance. Expect drop back to Target zone / Channel support
- If Target zone holds: Bounce back up to retest Resistance again
- If Target zone breaks: Next drop deeper inside the channel

### Bias:
Range to Pullback. Until ETH breaks and closes above the blue Resistance line, dips to the Target zone are likely.
Break and hold above Resistance = next leg up.

Not financial advice. Watch for confirmation candles at these zones.