ETH has seen a large accumulation of buy orders in the $1,600 to $1,700 range, forming a solid support wall. 🛡️ At the same time, there is no meaningful sell wall above, meaning upward resistance is almost negligible. 📊

The short side defense has been heavily guarded, while the long side is completely open. The current market structure clearly shows that bearish power is accumulating, but a true explosion may still require a stop-loss cleaning. 🎯 Once triggered, the market reaction will be very violent.
Next, we may see an even larger free-fall decline. 💥 The main funds are patiently positioning, waiting for retail sentiment to further collapse. 🚀 The key now is whether the market will first perform a false breakout to the upside, then begin the real downtrend. 📉 #ETH