ETHUSDT DAILY MARKET STRUCTURE ANALYSIS (1D – SPOT | Binance)
$ETH Ethereum is currently trading around $2,090, sitting directly on a major higher-timeframe support zone that has historically acted as a strong demand area. This level has previously triggered powerful upside reversals, and price is once again reacting from it.
From a market structure perspective, ETH has been moving within a clear cyclical range, respecting well-defined support and resistance zones. Each previous visit to this support region has resulted in a sustained recovery toward the upper resistance band, highlighting strong institutional interest and long-term accumulation behavior.
🔍 Key Technical Observations:
Support Zone: ~$1,800 – $2,100
This area aligns with prior cycle lows and has repeatedly absorbed selling pressure.
Resistance Zone: ~$4,600 – $5,000
A major supply area where previous rallies have been rejected.
Structure: ETH appears to be completing a rounded bottom / cycle reset, suggesting downside momentum is weakening.
Momentum Outlook: As long as price holds above support, the probability favors a mean reversion move back toward the mid-range and upper resistance.
Bullish Scenario:
If buyers continue to defend this support:
First upside target: $2,600 – $2,800
Mid-term target: $3,400 – $3,800
Macro target: $4,600+ resistance zone
⚠️ Risk Scenario:
A clean daily close below the support zone would invalidate this structure and open room for deeper consolidation. Risk management remains essential.
Market Insight:
This type of structure often precedes strong trend expansions, especially when fear dominates sentiment near support. Smart money typically accumulates in these zones — not at resistance.
Patience + structure = edge.
Ethereum is at a technically critical level — the next few daily candles will define the next major move.
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