
Now, on the daily chart, we observe that our dear friend ETH continues to frolic within the confines of a descending channel-a rather posh establishment, if one might say. The midline is behaving like a stern but fair doorman, refusing entry to any would-be upward adventurers, while the $1.8K zone acts like a trusty old doormat, steadfastly holding down the fort. In the wake of that tumultuous sell-off, the price action has become more choppy than a bad haircut, leaving us with overlapping candles and minor retracements that scream indecision louder than a toddler at a birthday party.