ETH Wave Structure (1H)

Trend Analysis

After reaching the high point at 2149
The market completed a round of accelerated decline
Rebounding to a low of 1973

Currently operating within:

2030 — 2045 range

Overall belongs to:

A retracement and consolidation phase within a bullish trend
Not the start of a new bearish cycle

The trend has not reversed, but momentum is clearly weakening.

Structural Analysis (Core)

2149 surge high

Volume increase

Followed by continuous decline

The upper band begins to flatten or even press downward

This is a typical pattern:

End of the main upward wave → Entering a consolidation correction

✔️ Main Strategy: Range Trading
Long Position Plan

Buy in stages between 2000 — 2010

Stop loss: 1980
Targets:

2055

2080

Short Position Plan

Sell in stages between 2070 — 2085

Stop loss: 2105
Targets:

2030

2000

✔️ Advanced Strategy (Trend Confirmation)
If:

Volume breaks through 2085

And stabilizes above 2100

Then the structure resumes the trend.

Targets:

2145 → 2200

If:

Falls below 1985

Closes below 2000

Then it enters a:

Larger-scale correction

Targets:

1950 → 1900

The essence of the current situation in one sentence:

ETH has shifted from:

Main upward trend → switching to high-level consolidation

Not continuing a single-sided move.