Ether channel breaks down and rebounds, 2100 is key, 2420 resistance becomes a touchstone for bulls and bears
Regarding Ether, the upper parallel channel has been broken, with the low dropping to around 2100, aligning with the potential support position mentioned by Sheng Jie in the previous analysis about the breakdown of the channel. Currently, it is rebounding and operating near 2240, so keep an eye on whether it can return to the channel!
In terms of trends:
The pressure point to pay attention to currently is in the range of 2400-2420, which is the lower edge of the previous parallel channel and also the upper edge of the CME chart gap. On the downside, continue to monitor the support near 2100; if it is broken again, there might be a risk of dropping below 2000 USD. Don’t play around with 3000 USD not breaking through, while instead, we see a drop below 2000 USD!
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ETH Analysis: June 23, 2025 Daily Chart
