Market Structure (4H chart โ what we see)
๐ป Trend
$

ETH
2,337.67
+10.86%
$ETH ETH is clearly in a strong bearish trend
Price is below MA(25), MA(99) โ sellers still control
Recent move was a sharp capitulation drop from ~3000 โ ~2150
Now price is bouncing weakly around 2300
This is relief bounce, not trend reversal (yet)
Key Levels (Very Important)
๐ด Resistance Zones (Sell pressure)
2350 โ 2380 โ first rejection area
2450 โ 2500 โ MA + breakdown retest (strong sell zone)
2600 โ trend-change confirmation level
๐ข Support Zones
2200 โ 2150 โ recent low (VERY critical)
2050 โ 2000 โ panic / liquidation zone if 2150 breaks