Title: Trendline & Channel Breakdown: ETH’s Critical Price Zone Body: From a daily trend and channel perspective, ETH is currently at a very critical juncture: 1. Trend Breakout & Retest: After falling from its highs, price has broken the short-term downtrend line and is now retesting it. A successful retest would pave the way for a potential bounce, while a breakdown would keep the trend bearish. ​ 2. Horizontal Support & Resistance: Price is currently at the upper edge of the orange consolidation range. The green zone above is strong resistance, while the pink zone below acts as key support. Short-term price action is likely to range between these levels. ​ 3. Channel Signal: Price is currently near the middle of the channel, with both the upper and lower boundaries providing clear directional cues. Upside potential remains limited unless price breaks out above the upper channel with strong volume. Conclusion: Blindly buying the dip at current levels is not advisable. Prioritize trading with the trend following a confirmed breakout or breakdown to avoid getting chopped up in the range. Hashtags:  #ETH #TechnicalAnalysis #CryptoTrading #TrendlineAnalysis@OKX中文