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ETH ~Can it reach around 2150?
Structure Analysis (Market Structure)Weekly Context: The chart shows that ETH is experiencing a complex Deep Correction (深幅回调). The current downward channel (marked by the red wedge/channel line) indicates that bearish momentum still exists.
Major Higher Low (主要更高低点): Your target price of 2150 is located at the horizontal line marked by the dashed line on the far right of the chart. This is not only a psychological barrier but also near the support zone (支撑带) around the previous major rally point.
Measured Move (等长测量移动): From a PA perspective, if the current decline is a double-leg correction (ABC), then the 2100-2200 range is exactly the 1:1 mirror position of the first leg's depth.