Main Path

Break below structure → Emotional release → Technical rebound

ETH current structure (15m + 1H)

Price oscillating above 2000
Volume surge breaks below 1975
Lowest touch at 1942

Currently trading in the 1950 — 1985 range

Type:
Weak rebound after breaking support
Not a trend reversal

Technical structural features:

BOLL
15m:
Lower band widening
Price accelerating along the lower band
Rebound near the middle band
Middle band still declining
Indicates a weak rebound structure

1H:
Middle band pressing down
Price returning below the middle band
Trend structure has weakened
Upper band beginning to contract

MACD
15m:
Just formed a death cross with slight recovery
Bars still below zero line
Lack of momentum for rebound

1H:
Turning green again
Operating below zero line
Bearish dominance

RSI
15m:
Low-level rebound
Over-sold correction
1H enters weak zone
No obvious bullish divergence

Overall rhythm assessment:
Structure turns bearish → Rebound correction → Watch for resistance

Secondary Path
Weak oscillation → Second decline

If support below 1975 is broken:
Possible formation of
Range between 1950 — 1975

Once below 1940:
Market may extend to
1920 — 1900

Support levels

1950 (current short-term support)
1940 (previous low structure level)
1920 (extension target)

Resistance levels

1975 (structural resistance)
1985 — 2000 (strong rebound resistance)
2020 (trend reversal point)

Alternative Path
Strong recovery above 1985 → Structure repair

If volume increases and price recovers above 1985
And 1H recovers the middle band

Market may fill the gap
2000 — 2020

Otherwise, remains in weak oscillation range

Trading Suggestions

Trend-following short position (main rhythm)

Rebound from 1975 — 1985
Face resistance to short

Stop-loss: above 2005
Target: 1950 → 1940

Short-term long (only for correction)

If volume shows a halt in decline near 1940
Can lightly attempt a rebound

Stop-loss: 1925
Target: 1970

Note:
Current structure leans bearish
Long positions only for technical correction

Rhythm summary:
Market is in:
1H bearish dominance
15m oversold rebound phase

Core logic:
Rebound to short ＞ Bottom fishing to long

Conclusion:
ETH current structure weakening
1975 is a key dividing line

As long as it cannot recover above 1985
There is still a risk of retesting lows below

If it falls below 1940
Market will accelerate.
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