$ETH : Ethereum has entered its first micro support zone, similar to Bitcoin. However, the pullback has been relatively sharp and doesn’t look like a typical wave 2 correction, which makes the structure a bit uncertain.
Within this context, there’s still a chance the market could extend lower toward the 1820 area. For that scenario to gain more credibility, the first signal would be a sustained break below the red support line, which would mark the initial structural breakdown.