📊 ETH/USD Technical Analysis – Market Structure & Outlook 🚀
🧭 Market Structure Overview
Primary Trend: 🔻 Bearish (Lower Highs & Lower Lows)
The chart clearly shows a transition from a previous uptrend into a market structure break, followed by strong bearish momentum.
Price failed to sustain above the key consolidation zone, confirming weakness.
🟨 Key Zone: Consolidation / Supply Area
Highlighted Zone (~3,050 – 3,100 USD)
This area acted as:
✅ Previous support
❌ Now flipped into resistance / supply
Multiple rejections from this zone suggest strong seller interest.
📌 Professional Insight:
As long as price remains below this zone, upside moves are considered corrective, not trend-reversing.
📉 Breakdown & Momentum
The aggressive sell-off from the consolidation confirms:
Distribution phase completed
Entry of strong bearish momentum
The move created a new lower low, reinforcing downside bias.
🟥 Major Support Zone
Key Support: ~2,750 – 2,780 USD
This level aligns with:
Previous reaction lows
Strong horizontal demand
A sweep or bounce from this zone is technically valid.
⚠️ A clean break below this support could open the door to further downside acceleration.
🔄 Projected Price Scenarios
🟢 Bullish Correction Scenario
Price may:
Sweep liquidity near 2,750
Form a higher low
Retrace back toward 3,050–3,100 resistance
This would still be a pullback within a bearish trend unless structure flips.
🔴 Bearish Continuation Scenario
Failure to reclaim 3,000+
Strong rejection from resistance
Continuation toward lower demand zones
📈 Indicator Insight (RSI)
RSI is hovering near oversold territory (~34) 🧯
Suggests:
Selling pressure is strong
A short-term relief bounce is possible
⚠️ Oversold does not mean trend reversal—only momentum exhaustion.
🧠 Professional Summary
✅ Trend: Bearish
✅ Bias: Sell rallies / cautious longs
✅ Key Resistance: 3,050 – 3,100
✅ Key Support: 2,750 – 2,780
