$ETH ETH is in an upward channel on the 15-minute timeframe but is suppressed by a larger downward trend.

It has yet to break through the 1-hour downward channel, and the overall outlook remains bearish.

However, ETH on the 4-hour timeframe is also moving within an upward channel. Only a confirmed breakout and stabilization above the 1-hour downward channel would open up further upward space.

In terms of trading strategy, consider short positions in the **2100-2130, 2150-2170, 2190-2200** zones;

For intraday long positions, refer to the **2020-2050, 1905-1950, 1810-1830** ranges.

In a bear market environment, it is recommended to participate in long positions with strict risk management.