According to the observation of the current market trend, most altcoins have gradually begun to converge with ETH's market structure.
From the perspective of the downward channel, most cryptocurrencies have run to the lower edge of the channel and are gradually approaching the breakthrough edge.
The previously focused 33-34 range has seen resistance highs decrease over time, and the current key breakthrough area has been adjusted to the 3220-3260 range.
If it can effectively break through and stabilize within this range, it can initially be determined that the downward channel has been broken, and the market is expected to enter a reversal phase.
The expected breakthrough will be advanced in stages: the first stage target looks towards the 35-36 range, while the second stage is expected to test the 40-42 range.
The key support below is located in the 28-29 range, which can serve as an important reference for trend defense. $ETH #ETH
