$ETH
Ethereum hasn't changed much since yesterday, continuing to trade around support after breaking below the trend channel boundary. The pullback still looks corrective and the market is holding above the overnight low for now.
One more low near $2,040 remains the preferred setup before a recovery attempt develops. A clear 5-wave advance and a break above $2,200 would be the first stronger signal that a local low is in place. Break below $2,040 and the focus shifts toward $1,800.