ETH Wave Structure (1H)

Trend Judgment
After failing to hold above 2000,
a surge in volume led to a rapid decline,
bottoming out near 1844.

Currently trading within
1850 — 1870 range.

Overall:
A weak rebound phase after a trend reversal to bearish,
has transitioned from a consolidation pattern
into a predominantly bearish market.

Reasons:
1H structure broke below the previous support at 1900,
BOLL bands opening downward,
price consistently near the lower band,
all moving averages turning downward,
MACD showing increased volume in the deep water zone,
bearish momentum dominating,
rebound with no volume.

Key Levels

Resistance Zone
1885–1900: First rebound resistance
1935: Trend bearish defense level
1960: Structural reversal confirmation level

Support Zone
1845: Current low point support
1820: Sentiment panic level
1780: Accelerated decline target zone

Summary
This is not a bottom-fishing zone,
but a weak correction phase after a decline.

Core Rhythm:
Rebound → Opportunity for bears

Trading Strategy:
Use rebounds to short ＞ Capture rebounds

If the rebound cannot surpass 1900,
there is a high probability of new lows.