ETH 2026.2.8 Weekly K-line is about to close:

📉 2022.06 - 2023.01: Spike bottoming and initial stage bottom confirmation:
In early 2023, we saw several consecutive green tB (Trend Bar) labels appearing, indicating that the market has shaken off bottom hesitation (Doji dense area) and entered the Spike (explosive) phase.
📈 2023.01 - 2024.03: Wide-range upward channel (Broad Bull Channel) this stage is a typical "small steps, quick pace," with the price repeatedly testing the 20 EMA.
Around March 2024, a clear CX (Climax) label appeared. This signals the exhaustion of the first wave of upward momentum, followed by several months of oscillation and correction.
⚠️ 2024.03 - Present: High-level oscillation and the current crisis (late 2025 to early 2026) make the situation more severe:
Channel upper boundary resistance: The price failed to break through after touching the upper boundary of the upward channel, instead showing a series of red candles.
EMA breakdown: The current price has fallen below the 20 EMA (gray curve).
Breaking below the EMA usually indicates the end of the Always In Long state.
Last week's huge bearish candle: also with potential CX. This suggests extremely strong bearish momentum.