$ETH ‌At present, ETH has already broken out of the converging channel (diagonal box). The larger trend has shifted from bearish to range-bound bullish, and the price continues to rely on the lower channel band for support, stabilizing and lifting upward.

EMA21/55 are in a bullish alignment; the price remains steadily above the moving averages, and the short-term bullish trend is healthy. On the long cycle, the EMA is still pointing downward; at the daily level it has not fully reversed yet, so it’s a range-bound rebound structure.
You can look at the historical trading volume/position cost dense zone: in the 1940-1970 range there is a large accumulation of retail bottom-fishing, and it’s the volume-dense interval where institutions distribute in batches. Holding costs are concentrated here.
Support tiers
First support: 1900
Strong support: 1860 (channel midline + EMA55)
Extreme support: 1810 (channel lower band + bottom bullish OB)

Pressure tiers
First resistance: 1940
Final resistance: 1970
As long as 1810 lower band isn’t broken, maintain an up-channel range consolidation and repeatedly test the 1970 resistance. If 1810 is broken, this rebound ends, and it returns to a deeper pullback.
If volume expands and price holds above 1970, it will start a new upswing phase.