ETHUSDTPERP PERPETUAL MIX CONTRACT
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#ETH Downward Channel

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📊#ETH Downward Channel 📉

🧠From a structural perspective, we are currently consolidating within the 1900-2000 range. Trading within this range is difficult, and a large amount of liquidity has accumulated around the upper and lower edges of this range, so be wary of a liquidity trap!

➡️Key support is around 1900 (beware of liquidity hunting), with better support around 1840 and extreme support around 1740!

➡️Short-term resistance is around 2000 (beware of liquidity hunting), with better resistance around 2028 and extreme resistance around 2140!

⚠️From a model perspective, the price is moving within a downward channel, indicating weak bullish momentum, and the risk of further decline should be noted!

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#ETH Update

The support at 1910 and the resistance at 2028 have both provided good feedback. Since the S/R level near 2000 became support, no short-selling signals have appeared. Therefore, those wishing to short should focus on higher resistance levels!

However, its performance is still not as strong as BTC. I haven't seen it test the resistance near 2140 again.

Short-term support remains around 1910, with stronger support around 1810.

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