$ETH ETHEREUM 1DAY TIMEFRAME ANALYSIS UPDATE 🚀😀

🔹 1. Current Market Structure :

Trend: Clearly in a daily downtrend.

Structure: ETH is forming lower highs and lower lows since the top around $4,000+.

Price is currently hovering around $1,790, sitting near the recent swing lows — this is a critical support level.

📉 Resistance Zones :

$2,100 – $2,200 → Previous support turned resistance; failed to reclaim this in the last bounce.

$2,500 → Clean psychological + structural resistance, aligned with February breakdown.

$2,800 – $2,900 → Major breakdown area; heavy selling started here.

📈 Support Zones :

$1,750 – $1,780 → Local support (currently being tested). If broken, high probability of continuation downward.

$1,550 – $1,600 → Historical structure support from mid-2023.

$1,400 – $1,450 → Major support zone from previous macro cycles.

🟥 Bearish Scenario (Most Likely – Trend Continuation) :

If price closes below $1,750 with strong volume, ETH is likely heading to:

Target 1: $1,600

Target 2: $1,450

Reason: Breakdown from multi-week consolidation + daily downtrend structure.

Bearish Entry Idea: Short breakdown below $1,750
Stop Loss: Above $1,820

Targets: $1,600 / $1,450

🟩 Bullish Scenario (Less Likely unless reclaimed key levels) :

ETH must reclaim $1,950+ and close above on volume to show early signs of reversal.

Break and close above $2,100 would strengthen bull case.

Bullish Entry Idea: Buy breakout above $2,100

Stop Loss: Below $1,950

Targets: $2,400 / $2,800

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