ETH is currently in a downtrend channel. There are two ways to use this type of channel: first, when price touches the upper or lower rails, you can short or go long. Another usage is when the channel is broken through, the channel itself will exert gravitational pull on price, causing it to accelerate downward and break through the lower rail, which can present good long opportunities. Refer to the schematic diagram for specifics. If intraday price accelerates and breaks below the lower rail down to 2075-2100, consider it an opportunity to add long positions. Currently, the downtrend channel is moving very cleanly, so for now I'm watching the correction trend.

ETH5.15%
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