📊 $ETH Market Structure & Price Action Analysis

The chart shows a strong impulsive move followed by volatile corrections, indicating that the market is currently in a high-momentum phase but not yet stable.

🔍 Key Observations:

Price formed a classic higher high – higher low structure, confirming a bullish trend.

After a strong breakout, the market shows sharp pullbacks, which signals profit booking and smart money distribution.

The projected black path suggests a final upside expansion toward the upper resistance zone before a deeper correction.

🚀 Bullish Scenario:

If price holds above the dotted support area (~3000 zone), momentum may push price toward:

First target: 5,000

Extension zone: 7,000 – 8,000

This move looks like a liquidity grab / final rally phase.