ETH Weekly Watch: The 'Life-or-Death Test' of a Two-Year Uptrend Channel 1️⃣ Long-Term Trend: Since April 2022, ETH has maintained a clear weekly-level gradual uptrend channel. Prices have consistently been constrained by the upper boundary, midline, and lower boundary of the channel, showing a strong pattern of fluctuation. 2️⃣ Key Resistance: The biggest challenge right now is the horizontal resistance zone near the previous high. Multiple failed breakout attempts have turned this into a 'ceiling-level' resistance for the next cycle. 3️⃣ Short-Term Key Levels: Support: Around 2.2K. Thanks to the horizontal neckline support of the technical structure, it’s currently holding steady. Resistance: The first major resistance above is at 2.8K, followed by the channel midline. 4️⃣ Extreme Risk Scenario: If the market experiences a further significant drop, the 'ultimate defense line' lies at the lower boundary of the channel, which currently corresponds to a weekly close price above 1.75K. ETH