This ETH move is really harder than BTC. It directly broke through the previous high not long ago and has been running in an ascending channel, without dropping below structure like BTC did.

Now it’s also reaching a key level: the 1,850 to 1,870 range. This is exactly where the previous high support overlaps with the lower edge of the ascending channel—double support coming together. The weight of this spot is far heavier than just a single line.

If it can hold here, it means the ascending channel hasn’t broken, and afterwards it still heads for the 2,000 milestone—the logic of pushing the channel higher remains valid. If this level is lost, the channel structure is directly damaged, and you might only see solid support around the 1,700 area. That would be a completely different kind of走势.

Similar to BTC’s situation, don’t rush to take action now as well—wait for this level to produce a result. Hold and you go along with it to long; if it breaks, you need to switch your mindset and go short following the move #ETH $ETH