ETHUSD – Breaker Block Rejection in Play?

Ethereum has been consolidating in a rising channel after failing to break below the 1754 support zone for weeks. Yesterday, price tapped into the 1854 resistance — which also aligns with a bearish breaker block — but failed to close above, showing two strong rejections so far.

Current Observation:
The 1854 level is holding up as resistance, and the most recent candles show weakness at that zone. If price fails to break and close above it, we could see a move back down toward the 1687–1694 support area.

What I'm Watching:
– A confirmed close below the breaker block zone around 1854 could trigger a short setup, with 1754 as the first target.
– If 1754 breaks, I’ll be eyeing the next zone between 1686.8 and 1694.1 for a potential take-profit zone or reaction.

Key Levels:
– Resistance: 1854 → 1881
– Support: 1754 → 1694 → 1687

If 1854 continues to reject price, I’ll be looking to go short on confirmation, targeting a drop back into the lower support zones.

But if we get a strong close above 1854, I’ll reassess for possible upside continuation.

Let’s see how it reacts.

Trade safe.
pClem Trades