The weekly chart remains in a major downtrend channel, with prices well below 2,500+ which has become a strong resistance level.

Key levels
Support: 1,910–1,930 (short-term intraday lows) → 1,744–1,800
Resistance: 1,980–2,000 intraday
If the price retraces to the 1,910–1,930 or 1,800–1,850 range, continue to go long.
Take profit: First target 2,000–2,025 (short-term relief)
Second target 2,160–2,180 (structural reversal signal).
Oversold + extreme fear historically often trigger technical rebounds. Risk: if macro conditions continue to worsen, prices may further decline to 1,500–1,600. $ETH