$ETH directly hit the lower edge of the channel around 1780, with a minimum of 1750. The liquidity below 1780 for ETH has been completely cleared, becoming the market's liquidity.

Currently, ETH is maintaining within the 4-hour channel. The upper rebound resistance is at 1825 and 1860. Both the ETH contract and spot CVD are decreasing, indicating that when the market is falling, long positions are being liquidated while short positions are taking profits.

There are two ways to go here.

1, After ETH rebounded to the central price of the channel at 1825, it failed to break through and began to decline until it dropped all the way below 1780, reaching the price of 1675.

2, ETH oscillated around the 1780-1800 position to accumulate and then broke through, reaching a price of 1945 directly after breaking 1850.

Observe the trend more; ETH has obviously been quite strong these days. The important thing is to see if the ETF continues to be a net buyer. Holding spot positions is not a concern. 1380 is considered the lowest point in the first half of the year. Next, we will see if the market can break through to the 2100 position. Whether you prefer to do short-term trading or intraday trading.