ETH Wave Structure (1H)

Trend Analysis
After reaching the 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, it belongs to:
A continuation of the bearish trend
Not a bottoming structure.
Reasons:
1H high and low points are continuously moving lower
Moving average remains in a bearish alignment
BOLL lower band continues to diverge downward
Price has been operating close to the lower band for a long time
MACD remains below the zero line
Rebound momentum is clearly insufficient
Market Status:
Weak rebound → 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 point
1760: Breakout acceleration zone
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
Core statement:
The bearish trend is not over, and the bottom has not appeared.
Only by regaining stability above 1900
Can ETH truly enter a phase reversal. #ETH