#ETH

📉 Market Structure and Possible Movement:

🔴 Current Situation: ETH has rejected from $2,879.22 and is trading at $2,516.85. The price has formed a Lower High and may now reject from the supply zone to test support.

🟨 Yellow Line ($2,336.34):

An important breaker block support and old resistance which will now act as support.

🟥 Red Box Zone ($2,300–$2,336):

This zone has the potential for liquidity grabs and fakeouts. If the price comes to this zone, a bullish reaction is expected.

🟩 Green Demand Zone ($1,967–$2,336):

The most important demand zone where there may be institutional orders. If the price comes here, a high probability long setup can be created.