$ETH — WEEKLY STRUCTURE CHECK ⚠️
Ethereum just printed a weekly close below $3,080, and that matters. This level had been acting as a key pivot for weeks. Losing it into the yearly close increases the odds that price rotates down toward major support/resistance (SR) zones before any sustainable upside attempt.
Into year-end, liquidity is thinner and follow-through is weaker, which often leads to controlled pullbacks rather than sharp reversals. As long as $ETH stays below $3,080, upside momentum remains capped and the market is more likely to test demand below to rebalance positioning.
This doesn’t invalidate the broader bullish structure — but it does suggest more work is needed before continuation.
Trading Plan — $ETH
LONG PLAN — Support Reaction
•Entry: 2,880 – 2,920
•SL: 2,830
•TP: 3,050 → 3,200
Why long?
•Key higher-timeframe SR zone
•Potential year-end stabilization / base building
•Risk defined against clear invalidation
SHORT PLAN — Failed Reclaim
•Entry: 3,050 – 3,100 (rejection zone)
•SL: 3,180
•TP: 2,920 → 2,800
Why short?
•Weekly close below $3,080 = resistance
•Likely rejection in thin liquidity
•Mean reversion into support favored
Bias:
Below $3,080 → caution, favor pullbacks.
Clean reclaim and hold → bullish continuation back on the table.
