$ETH still holding inside the massive multi-year ascending channel (2019–2026). Price just reacted at the lower trendline + ~$2,080 horizontal support zone after the recent drop.
→ Bearish RSI divergence (higher highs in price, but lower highs in momentum) appeared multiple times in the past at tops. → Current RSI 44, Linreg bands compressing → potential volatility ahead. → Momentum (SQZ) showing squeeze release to the downside so far.
Watching if bulls can defend the channel or if we break lower toward $1,800–$2,000 next. Long-term structure still bullish above the channel.