ETH Wave Structure (1H)

Judgment of Trend
Previous high 1996 after decline
Continuous formation of lower lows,
Bottomed out around 1810.

Current price maintains
1820 — 1835 weak oscillation.

Overall:
Bottom consolidation within a bearish trend
No reversal signal yet.

Reasons:
Daily chart continues downward momentum
1H moving averages in a bearish alignment
Price long-term trading near BOLL lower band
Rebound heights steadily decreasing
MACD near zero line with weak oscillation
Funds clearly observing

Market condition:
Cannot fall further ≠ Will rise
In the phase of bearish decay.

Key Levels

Resistance Zone
1845: Short-term resistance
1880: Strong rebound resistance
1920: Trend reversal confirmation level

Support Zone
1810: Current structure bottom
1780: Emotional breakdown zone
1750: Accelerated decline zone

Summary
This is not a trending market,
but:

Downtrend → Sideways → Waiting for a direction

The only real key point:

Will 1810 be tested again?

Trading Ideas

✔️ Main approach (Follow the trend)
Rebound near 1845–1880
Still prioritize shorting opportunities

✔️ Secondary approach (Short-term)
1810 holds
Small positions for range trading

✖️ Not recommended
Chasing longs at mid-range positions

Core rhythm in one sentence:

Trend down ＞ Structural oscillation ＞ Waiting for break

Only by regaining stability above 1920
ETH might end this bearish cycle.