$ETH ‌

Ethereum continues to lag behind Bitcoin and remains below the key descending trendline resistance. The broader structure still favors the idea that Ethereum is in a larger wave iv correction.
Leading Scenario: The current decline from the April high still appears corrective, which keeps the possibility alive for another bounce toward the $2,600 to $2,655 resistance region.
Risk Scenario: A decisive break below the February low would significantly increase the probability that a larger C-wave decline toward the $1,400 to $1,000 region is underway.
Key Support Levels: $1,800 / $1,600 / $1,400 / $1,000
Key Resistance Levels: $2,600 / $2,655
Bottom Line: Ethereum remains structurally weak, and while another bounce remains possible, the broader risk still favors a larger decline, even if we might see a larger B-wave bounce first.
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