#ETH

This structure in ETH is actually about making a choice within the channel.
What the bears are doing right now is very clear—
they want to push the price below the 20-day moving average.
If it really breaks down, that indicates the selling pressure above is still there, and the market is unlikely to strengthen immediately, but will continue to fluctuate within the rising channel for a while.
On the other hand, what the bulls need to do is also very simple:
👉 Push the price up to the resistance line and hold it there.
As long as that move is completed, it means the capital has started to actively press the attack, and the structure will shift from consolidation to a trend, opening up upward space—$3050 is the trend-following target level.
But one point to note: if the price doesn’t just trade sideways but instead directly breaks below the support line, then the nature changes—
this is not a pullback; it’s a weakening of the rhythm, and the bears will regain control of the market.
So my own thinking for this segment is simple:
Don’t guess the direction in the middle—
either wait for a breakout above the resistance line to go long in line with the trend,
or if it breaks below the support line, first move to avoid risk.