$ETH The price is trapped within a channel

Ethereum has been trapped in a "channel" since January 2025. A channel means that the price keeps bouncing between an upper line and a lower line. So far, ETH keeps falling every time it reaches the upper line of this channel. Right now, ETH is in the middle of the channel. If the price surpasses $1,630, that could mean the bulls are gaining. But if it falls below $1,540, the bears could take control again. The next significant danger level is $1,475. If ETH falls there, it could drop further after that.