ETH Wave Structure (1H)

Trend Analysis
After reaching a high of 1996, the market continued to weaken,
completing a second decline,
and probing a new low at 1796.

Currently, the price is trading within
the 1800 — 1820 range.

Overall:
Continuation of a bearish trend
not a bottoming structure.

Reasons:
1H high and low points are continuously moving lower
Moving averages remain in a bearish alignment
BOLL lower band continues to diverge downward
Price has been operating near the lower band for a long time
MACD remains below the zero line
Rebound momentum is clearly insufficient

Market Status:
Weak rebound → being suppressed again
A typical downward trend rhythm.

Key Levels

Resistance Zone
1835: Short-term resistance
1865: Strong resistance on rebound
1900: Trend reversal boundary

Support Zone
1796: Current low
1760: Breakout acceleration point
1720: Sentiment panic zone

Summary
The core question in the market now is not:
Will it rebound?

But:
Can the rebound change the trend?

The current answer is — no.

The structure remains:
Downtrend → Weak correction → New lows again

Trading Strategy

✔️ Main Approach
Rebound near 1835–1865
Prioritize shorting with the trend

✔️ Secondary Approach
Around 1796, only allow
Quick in and out short-term rebounds

✖️ Not recommended
Preemptive bottom fishing

One key point:

The bearish trend is not over, and a bottom has not yet appeared.

Only by regaining stability above 1900
can ETH truly enter a phase reversal.#ETH