ETH: Tests $2,000 Multi-Year Channel Floor

@MI_Algos flagged ETH sitting at the edge of its multi-year rising channel, with price probing the $2,000 level and the lower boundary on November 12, 2026.

Friday’s PPI release now carries outsized weight as the potential catalyst that either reinforces the channel or forces a break beneath $2,000 toward deeper supports.

On the 4h chart, ETH trades at $2014.84 inside the Bollinger Bands with the lower band at $1989.15 acting as immediate volatility support while the upper band at $2152.17 lines up near the EMA50 resistance at $2148.42; the bearish structure above the EMA200 at $2334.19 remains intact, yet the MACD golden cross at -42.71 hints at building momentum that could produce a bounce from the lower band before any sustained breakdown.