ETH/USD Market Structure Overview

🔍 ETH/USD Market Structure Overview
1️⃣ Major Resistance Zone (Red Box — ~$4,150–$4,700)

This is a strong multi-touch rejection area.

Price previously failed to break above this zone several times (purple arrow), confirming heavy supply.

If market eventually rallies back into this zone, expect profit-taking and bearish reactions.

🟨 2️⃣ Mid-Range Support & Resistance ($2,625–$2,900)

(Yellow highlighted zone)

This level is acting as a key pivot, previously serving as both:

Support during the June–July accumulation.

Resistance in the early phase of the uptrend.

Recently turned support again, with the new bounce (blue arrow).

This zone is critical — price direction from here will define the next macro trend.

🟩 3️⃣ Major Support Zone ($2,200–$2,450)

(Green zone)

Historically, this range triggered strong bullish reactions (multiple blue arrows).

If the current mid-range support fails, price may retest this deeper demand zone, creating a long-term buying opportunity.

📉 4️⃣ Current Market Condition

ETH is currently in a downtrend, forming lower highs and lower lows.

However, price has now entered the high-value demand zone ($2.6–$2.9k), where buyers are historically active.

The chart suggests:

🟦 Short-term: Bounce expected

Price may push up toward the $3,950 zone (black resistance line).

🔄 Mid-term: Possible retest scenario

The drawn yellow projection shows:

A bounce ✔️

Then a drop back into the same support ✔️

Before a stronger rally to key resistance ✔️

This is a classic accumulation shakeout pattern.

🚀 5️⃣ Bullish Scenario (Blue Arrow)

If bullish order flow enters:

ETH could rally toward $3,950 (structural resistance).

A break above that level may push price toward $4,270.

Key Bullish Trigger:
✔️ A daily close above $3,950.

⚠️ 6️⃣ Bearish Scenario (Orange Arrow)

If price fails to hold $2,625:

Expect a drop back into the major green support zone ($2.2–$2.45k).

This is where long-term buyers may step in again.

Key Bearish Trigger:
❌ Breakdown below $2,625 with strong volume.

🎯 Conclusion

ETH is sitting in a critical decision zone.
The next major move depends on whether the $2.6–$2.9k support holds.

📌 Upside targets: $3,950 → $4,270
📌 Downside targets: $2,450 → $2,250