ETH has just staged an upward fakeout breakout.

After briefly piercing the upper edge of the channel,
it failed to hold above the channel and continue the uptrend.
It quickly fell back within the original price channel.
The next direction of the price action revolves entirely around the key support at 1745.
If the price effectively breaks below 1745,
ETH will officially start a pullback.
The first target will be the 1690 support.
Only a further break below 1690 will open up more downside room.
Conversely, if the 1745 support remains unbroken,
ETH, with its strong current correlation resilience,
will continue to push upward,
directly challenging the strong resistance at 1800.