Guys — quick structural update on $ETH ❗
🔴 First bottom: ~$1,700 zone
This was the true accumulation base before the major expansion leg. Strong absorption, long consolidation, then momentum exploded higher. That area built the foundation of the cycle.
🟠 First rejection: ~$4,800 zone
Clear cycle top. Distribution dominated. Momentum peaked, volatility expanded, and structure shifted from continuation to exhaustion. That was the transition from expansion to correction.
🟡 Mid bounce: ~$2,900–3,100 range
Relief rally inside a broader downtrend. Price reclaimed structure temporarily, but follow-through lacked strength. Lower highs formed, confirming sellers were still in control.
🟢 Current support: ~$1,800–1,900 zone
Now we’re back at a decisive demand area. This region previously acted as a launchpad, and it’s where real buyers must show up again.
This level defines the next move:
• If $ETH holds this zone → a relief rally toward higher resistance becomes likely.
• If it breaks cleanly with volume → liquidity opens lower, and deeper downside expansion becomes probable.
This isn’t about prediction.
It’s about reaction.
Watch how price behaves here — not what people hope for.
