$ETH is printing a clear triple-top style rejection on the 1H timeframe.

Marked as Top 1 → Top 2 → Top 3, price keeps failing to hold above the same supply zone, which tells us buyers are losing strength on every push.

At the same time, price is holding a horizontal base around ~2000–2020, which is acting as short-term demand. This creates a compression structure — range is tightening, and directional expansion is coming.

If #ETH loses the base (~2000–2020) with a strong close:

Downside targets

1980 – 1950 (first reaction zone)

1900 – 1850 (previous impulse base)

1800 – 1750 (major HTF demand / liquidation zone)

This aligns with past breakdown behavior after multiple top rejections.

🟢 Bullish Scenario (needs confirmation)

Only valid if #ETHEREUM reclaims and holds above 2140–2160 with volume:

Upside targets

2200 – 2250

2320 – 2350 (range high / liquidity sweep)

Without a clean reclaim, upside moves are likely to be sell-the-rip.