$ETH Ethereum Breakdown Threatens Channel:

ETH is testing the lower boundary of the ascending channel. Repeated rejections from the midline and strong sell volume suggest weakness.

🔸 Key Support Zone at $2,450 – $2,420:
This zone is under pressure. A clean break below this area will confirm a breakdown from the channel structure, shifting bias bearish.

🔸 Downside Target: $2,300 – $2,250
If ETH fails to hold above the support zone, the next demand level lies around $2,300, with further potential downside toward $2,250.

🔸 Upside Target:
If Ethereum fails to break down and instead bounces from the current support zone ($2,450–$2,420), the upside target remains at $2,700 – $2,800, which is the upper boundary of the ascending channel shown in the chart.