$ETH is still moving inside a rising wedge channel and the structure is getting weaker, tighter in the end.

You can clearly see lower highs forming while price keeps coming back to the trendline support around 2K.
That’s a key level, lose that and it likely drops toward 1.8K–1.9K support.
Right now it’s a decision zone.
Hold this trendline → bounce and possible move back toward 2.2K–2.4K.
Lose it → breakdown and continuation of the broader downtrend.
Simple: support is being tested again, and this test matters.