📊 Something very strange is happening on the ETH monthly chart

Ever since Ethereum started from a major cycle bottom,
For years, it has been steadily operating within a super long-term ascending channel.

But the recent monthly chart movement has shown obvious anomalies —
The price is approaching the lower edge of this multi-year major cycle channel.

$ETH The monthly chart has now reached the most critical inflection point of the overall situation.

The vast majority of the market is lagging behind,
Only when the market completely breaks down and the trend becomes visible to the naked eye will everyone follow suit.

The true major cycle turning point always occurs when everyone hasn't reacted yet.
It is recommended to bookmark this. The next move of ETH will determine the pattern for a long period to come.

💎 My in-depth view:

The channel in many people's eyes is just a simple connection of highs and lows.
But the real major cycle channel is the underlying trend structure of ETH's multi-year bull and bear runs.

From the early low-level oscillation upward, to several bull market rallies and bear market pullbacks,
Every major bottom rise and top fall of ETH has all been within the rules of this channel.
This is the most genuine trajectory of the main force running through the years.

And now, at the monthly level, the price has precisely touched the channel's lower edge support level,
The life-and-death battle between bulls and bears in the major cycle has officially begun.

At this stage, we must keep a close eye on these core price ranges:

$2200 – $2300
ETH super long-term monthly ascending channel standard lower edge support,
Also the last structural defense line for this round of bulls.

$2000
The strongest integer psychological level across the market,
Once the major channel structure is briefly broken, this will be the first wave of dense liquidity demand zone, with very strong absorption capacity.

$1750 – $1800
The ultimate bottom range for extreme bear trap and sell-off,
Corresponding to the historical bear market chip dense bottom, it is a safety margin zone after oversold.

Here I am also applying the same BTC major cycle logic:

Even if there is a temporary spike below the channel lower edge in the short term,
It is very likely still a fake breakout, a washout breakout, rather than a true trend breakdown.

To distinguish fake from real breakouts, only look at the one core indicator: volume structure

If it is a volume-driven crash that breaks through the lower edge:
It is a genuine bearish sell-off, the probability of trend weakening increases significantly, major cycle structure is destroyed.

If it is a low-volume gradual decline with a slight spike below:
It is a typical concentrated release of panic selling, retail investors' last capitulation,
Such a breakdown is not a continuation of the bearish trend, but rather a major cycle bottom signal.

In summary:
The ETH $2200 range is the most critical major cycle dividing line of this year.
Gain or loss here directly determines the direction of the subsequent trend. Keep a close watch on 📉

⚠️ Risk Disclaimer: This is only a technical cycle trend review analysis and does not constitute any investment advice. Cryptocurrency assets are highly volatile. View the market rationally and participate with caution. #BTC下探60000美元关键关口 #TradFiCFD黄金大师赛 #USD1链上质押享年化9.48% @Gate Live $BTC $GT $ETH