$ETH ETH has broken below the upward channel, and the bearish trend has been firmly established, with the market continuing to decline

The short-term resistance above is first seen around 2280. If it can effectively hold above this level, the bulls may have a chance to further push up toward 2340; conversely, if it cannot break through this resistance level, the current weekly rebound is likely to come to an end

The key support below in the short term is around 2230. Once the 4-hour chart closes below this level and cannot regain stability afterward, the downward space for the market will be fully opened

Short-term traders can operate around the upper and lower bands of the downward channel, sticking to a high sell and low buy oscillation strategy; in the medium to long term, I still do not believe that around 1700 is the bottom of this bear market, and we will wait and see what happens next