$ETH After the previous drop, it took several dozen candles to restore the structure — but this time, only 6 candles are needed to blow away all recovery efforts.
The market is just like: "going up by stairs, going down by elevator."
On the 4H frame:
ETH slightly rebounded at the upward trendline (in green) but the recovery force is very weak.
Resistance MA50 – MA100 – MA200 still weighs heavily above, creating a "ceiling" that is hard to break.
The supply zone at 2,930 – 3,000 has become a very strong price rejection point — each time it touches, it gets sold back immediately.
There is still a fairly wide gap below; if the trendline breaks, ETH could return to the 2,650 – 2,570 zone to find real buying power.
In summary: The current retracement looks more like a technical reaction than a reversal signal. Buyers have not shown strength, while sellers still maintain full control.
Do you think this trendline test will hold, or is another sweep coming soon?