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2026.1.28 Wednesday ETH 1D
Market Context (Market Background): The daily chart is currently in the Major Trend Reversal (MTR - Major Trend Reversal) testing phase within the Broad Bull Channel (Broad Bull Channel).
After reaching a peak in mid-January, the price has consecutively fallen by 2784.18 to test the previous bullish trend extreme point (not touching 2773). It is currently in a retracement of the downward wave within the range, without breaking the EMA20.