ETH 1H Structure
1️⃣ Current Status
After sharp decline, entered sideways consolidation
Belongs to the repair box after a decline
Key Interval
🔴 Upper Resistance: 2970
Only if we break above with volume → then there will be a continuation of the rebound
🟢 Lower Support: 2870
If broken → continue downward trend
Market Judgment:
Below 2970: Weak oscillation
Break above 2970: Look for short-term rebound
Break below 2870: Choose downward direction, follow the trend
Summary in One Sentence
👉 The hourly level is "waiting for direction"; if the range is not broken, do not bet prematurely.
