ETH is still respecting its long-term ascending trendline, and the weekly structure hasn’t broken yet. The recent rejection from the $4,500 zone pushed price back into a familiar range, and the chart suggests $ETH could revisit the $1,850–$2,050 region — the same trendline that has acted as support for nearly 4 years.
If ETH tags this zone again, it becomes a high-interest area for a potential bounce. The RSI sitting near 38 also hints that momentum is cooling, but not fully oversold, leaving room for one more leg down before buyers step in.
The structure remains intact. The trendline holds the story. Watch how ETH behaves if it dips into that rejection zone — that’s where the next big move will likely take shape.
More charts, more clarity, more conviction coming next.
