ETH's current trend remains in a negative structure after inertia decay. The large-scale moving averages exhibit a typical 'pseudo turning point' shape, with the mid-line continuing to exert downward pressure without producing effective smoothing, indicating that the main trend is still in an unfinished downward segment. Although the price on the four-hour chart has made a short-term bottom around the 3100 level, it belongs to a 'secondary wave pullback' and has not reached the conditions for a structural reversal. The MACD maintains a low position below the zero axis, with the green energy decay being more about kinetic energy dissipation rather than bullish intervention.
In the short cycle, the 3068–3080 range on the one-hour chart is a weak structural bottom resonance zone, with rebounds repeatedly intercepted by resistance from 3180–3220, indicating the presence of asymmetric bearish pressure above. Both RSI and KDJ are in a low buffer zone, which is a typical indicator divergence that has not formed, and the rebound has not entered the energy switching phase.
Overall, ETH is still within the corrective wave of the downward main trend, the structure has not completed the upward migration of the center, and the trend has not formed a reverse confirmation. Until breaking above 3220, all upward movements are considered pattern repairs rather than trend reversals. The support below still looks at the 3060–3080 range, and if breached, the price will enter the next inertia release zone, targeting the round number 3000. #ETH $ETH
