ChainCatcher reported that Alicharts analyzed Ethereum’s one-hour candlestick chart and said ETH has broken below the lower boundary of its previous rising channel. The comment focuses on a short-term chart structure: the lower boundary of a rising channel is commonly used as a technical reference line for tracking the rhythm of price movement, and a break below that line indicates that the prior channel structure has been invalidated in this chart-based view.
According to the level cited by Alicharts, Ethereum’s next support is at $1,580. This price is the specific downside reference mentioned in the analysis and serves as the key marker within the one-hour chart framework described in the ChainCatcher update.
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