ETHUSD (H1) — MARKET ANALYSIS
1. Market Structure
Ethereum has successfully reversed the previous downtrend after breaking the descending trendline and reclaiming structure above the key support zone (~2,760–2,800). Since that breakout, price has transitioned into a range-to-accumulation structure, forming higher lows and holding above the mid-range equilibrium.
This is no longer a corrective bounce it is trend repair in progress.
2. Price Action & Behavior
Strong impulsive leg from the support zone confirms aggressive demand entry.
Current price is consolidating around 3,000–3,040, showing acceptance rather than rejection.
Pullbacks are shallow and controlled → no panic selling, supply is being absorbed.
This type of sideways price action after an impulse typically precedes continuation, not reversal.
3. Key Zones
Major Support Zone: 2,760 – 2,800
→ Structural base; as long as price holds above, bullish bias remains valid.
Mid-Range Acceptance: 2,980 – 3,020
→ Holding above this zone keeps momentum intact.
Resistance Zone: 3,150 – 3,170
→ Liquidity target and decision zone for the next expansion.
Invalidation: Clean H1 close back below 2,900.
4. Primary Scenario (Preferred)
Short-term pullback / consolidation above 3,000
Higher low formation
Expansion toward 3,100 → 3,160 resistance zone
If resistance is absorbed, continuation toward higher highs follows.
The projected path on the chart reflects this logic: pullback → continuation → breakout attempt.
5. Alternative Scenario (Lower Probability)
Failure to hold 3,000
Deeper pullback toward 2,920–2,950
Still considered re-accumulation, unless support is decisively broken.
Conclusion
ETH is not topping it is building energy above reclaimed structure. The market is respecting support, absorbing supply, and compressing volatility beneath resistance. This behavior strongly favors an upside continuation, not a reversal.
Patience here is key the move is being prepared, not rushed.
