ETH Structure Update: 1,716 was breached, weekly level testing key support

This morning I said: Wait for reactions at 1,716, if no response, keep waiting.
Now the price has reached 1,674, 1,716 was directly broken through by a large bearish candle, no pullback, no support.
The market's answer is very clear: bears are in control, trend continues.
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Current structure positioning (three-chart nesting):
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20-minute chart: Downtrend is complete. Highs and lows are moving down in sync (1,752 → 1,728 → 1,707), CDV shows insufficient buying momentum, bears dominate.
5-minute chart: Price is forming a narrow trading range between 1,660-1,685. This is a continuation of the decline, not a bottom.
Weekly chart: This week is a full-bodied large bearish candle (current decline ~18.39%). The weekly level TTR low at 1,722 has been pierced, two key support zones are coming into view:
------1,536 (April 16-21, 2025 TTR low range)
------1,383 (April 9, 2025, 1D trend low)
---The weekly structure is currently in an expanding trend environment, volatility is increasing.
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My current state: no position.
I am not chasing shorts in the rapid decline, nor bottom-fishing in oversold conditions. I am only waiting for a market-validated, multi-cycle resonant structural signal.
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What I am observing next:
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5-minute box: Choose to break above 1,685 → watch for a potential exhaustion pattern at 1,695-1,700 (long upper shadow, bearish engulfing) → potential shorting opportunity
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Break below 1,665 → wait for a rebound confirmation → confirm entry point for shorting with the trend
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Support level at the weekly level:
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If the price continues downward, the 1,536 zone is the next key support to watch.
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Observe whether it breaks down with volume or if a long lower shadow appears with buying support.
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Not every market move needs participation, only trigger when the structure is clear and multi-cycle resonance occurs.
Where is your stop loss? What is your trading logic? These determine how long you can survive in this market.
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