ETH Wave Structure (1H)

Trend Judgment
1796: After a rebound from the low point, a rapid surge occurs,
Price reclaims above 1900,
Currently trading in the 1890–1910 range.

Overall:
A rebound phase within a bearish trend
Not a trend reversal.

Reasons:
1H structure still has not broken through previous highs
Lower highs and lower lows structure remains unchanged
BOLL middle band has just been reclaimed but upper band remains under pressure
Price still within a downward channel
MACD has turned red but momentum is slowing
The rally appears more like a short covering rebound in a bear market

Market Status:
Technical rebound after a sharp decline
Not the start of a new trend.

Key Levels

Resistance Zone
1915–1935: Current rebound resistance
1945: Strong resistance at previous high
1900: Trend reversal confirmation level

Support Zones
1880: Short-term support
1855: Rebound confirmation level
1796: Critical low point for bear continuation

Summary
The current core question is not:
Has it gone up?

But:
Is the rebound changing the structure?

The structure remains:
Downtrend → Rebound → Choose a new direction

Trading Strategy

✔️ Main Approach (Follow the Trend)
Range: 1915–1945
Wait for signs of stagnation
Prioritize short positions

Stop-loss: Above 1955
Targets: 1880 → 1855 → 1800

✔️ Secondary Approach (Short-term Long)
Only when a pullback to 1855–1880
Shows signs of stabilization
Can take short-term long positions

Target: Near 1900
Only quick entries and exits.

✖️ Not Recommended
Chasing longs
Bottom fishing mid-trend
Emotional long positions

Core Message:

This is a bear market rebound, not a bullish trend start.

Only if the following conditions are met:
Consistently holding above 1945–1950
ETH may then enter a true reversal phase.
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