🔥 🔥 🔥 #ETH 🔥 🔥 🔥
Detailed Structure Analysis of Ethirium.
TG " CryptoWithBella "
Timeframe: 1-hour (1H)
Current Price: ~$2,518
---
✅ Key Observations
1. Breakout of Downtrend Line:
The chart shows ETH had been respecting a downward sloping trendline.
Recently, it broke above this trendline, indicating a shift from bearish to bullish momentum.
2. Demand Zone Retest:
After breaking out, price came back to retest the breakout level (near $2,400-$2,450).
This is a healthy retest, often confirming the breakout.
3. Structure:
Market is now making higher highs and higher lows, a sign of bullish structure on this timeframe.
📊 Technical Summary
Trend: Turning bullish on short-term (1H), supported by breakout and retest.
Momentum: Price trying to build a base above the previous resistance turned support.
Risk: A drop below ~$2,400 could open up retests toward $2,300 or lower.
---
🔎 Quick Fundamental Check
Ethereum’s ecosystem is actively preparing for scaling upgrades (proto-danksharding, EIP-4844 etc.), but on short-term, price is more tied to macro (BTC moves, US rate outlook).
ETH has recently lagged BTC slightly, so could be due for catch-up rallies, especially if BTC remains stable above $60k.
---
⚠️ What to Watch?
Local structure: Hold above $2,480 to keep bullish short-term scenario alive.
Macro BTC: If BTC pulls back sharply, ETH setups may fail regardless of pattern.
---
✅ Summary Note:
This ETH trade setup is built on a clean breakout & retest strategy with demand holding. The bullish plan targets the $2,700+ region, with a safe invalidation below $2,317. Watch local consolidation patterns; failure to hold ~$2,480 might delay the move. Overall, it’s a structurally sound swing idea as long as BTC stays supportive.