๐ ETH/USD Technical Analysis โ Market Structure & Outlook ๐
๐งญ Market Structure Overview
Primary Trend: ๐ป 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.
๐จ Key Zone: Consolidation / Supply Area
Highlighted Zone (~3,050 โ 3,100 USD)
This area acted as:
โ
Previous support
โ Now flipped into resistance / supply
Multiple rejections from this zone suggest strong seller interest.
๐ Professional Insight:
As long as price remains below this zone, upside moves are considered corrective, not trend-reversing.
๐ 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.
๐ฅ Major Support Zone
Key Support: ~2,750 โ 2,780 USD
This level aligns with:
Previous reaction lows
Strong horizontal demand
A sweep or bounce from this zone is technically valid.
โ ๏ธ A clean break below this support could open the door to further downside acceleration.
๐ Projected Price Scenarios
๐ข Bullish Correction Scenario
Price may:
Sweep liquidity near 2,750
Form a higher low
Retrace back toward 3,050โ3,100 resistance
This would still be a pullback within a bearish trend unless structure flips.
๐ด Bearish Continuation Scenario
Failure to reclaim 3,000+
Strong rejection from resistance
Continuation toward lower demand zones
๐ Indicator Insight (RSI)
RSI is hovering near oversold territory (~34) ๐งฏ
Suggests:
Selling pressure is strong
A short-term relief bounce is possible
โ ๏ธ Oversold does not mean trend reversalโonly momentum exhaustion.
๐ง Professional Summary
โ
Trend: Bearish
โ
Bias: Sell rallies / cautious longs
โ
Key Resistance: 3,050 โ 3,100
โ
Key Support: 2,750 โ 2,780
