ETH Weekly Observation: The "Life and Death Test" of a Two-Year Uptrend Channel 🚀1️⃣ Long-term Trend: Since April 2022, ETH has maintained a clear weekly K-level gradual upward channel. The price has consistently been constrained by the upper boundary, middle line, and lower boundary of the channel, exhibiting strong volatility patterns. 2️⃣ Core Resistance: The biggest current challenge is the horizontal zone near the previous high. Multiple failed attempts to break through have turned it into a "ceiling" level resistance for the next cycle. 3️⃣ Short-term Key Levels: Support: Around 2.2K. Thanks to the horizontal neckline support in the technical structure, the current performance is stable. Resistance: The primary resistance above is at 2.8K, followed by the middle line of the channel. 4️⃣ Extreme Risk Scenario: If the market continues to decline significantly, the "ultimate line of defense" is at the lower boundary of the channel. Currently, the weekly K-line closing price corresponding to this level is above 1.75K. #ETH