#ETH Market Structure (Daily)
Primary trend shows lower-highs under a descending trendline
$ETH bounced from the 1.618 fib extension 2,620 ish.
Now forming a counter-trend rally inside a larger bearish structure.
This is not a confirmed trend reversal, only a corrective move unless key resistance breaks.
Price is trading around $3,300–3,350
where prior support is now resistance.
Midpoint of the broader fib range just below the descending trendline.
Candles show short-term higher lows, but:
Bodies are getting smaller and upper wicks are appearing.
This is a decision zone, not a breakout zone.
R