ETH Trend and Pattern Analysis:
Direction Selection After Breaking the Descending Channel ETH is currently in a descending channel (blue trend line), and the recent price has broken through the upper boundary of the channel, currently at $2618.42 (adjusted according to historical data), approaching the pressure area of the channel's upper boundary.
Key Levels and Trend Projection Resistance Levels:
Short-term: $2610-$2630 (current price range);
Medium-term: $2670-$2690; Key: $2730-$2750 (strong resistance at the upper boundary of the channel).
Support Levels: First Line of Defense: $2545;
Secondary Support: $2470-$2490;
Strong Support: $2410-$2430.
Trading Strategy Suggestions Breakout Scenario: If the price effectively breaks through $2630 and holds, a long position can be initiated, targeting $2670-$2690;
Resistance Scenario: If it encounters resistance and falls back in the $2610-$2630 range, be cautious of the risk of retracing to the $2545 support level.
Conclusion: After ETH breaks the upper boundary of the descending channel, it enters a critical validation period, and whether it can hold above $2630 will determine if the short-term trend continues to rebound or returns to a corrective rhythm.
