ETH 1H Outlook: Key Support Retest With Potential Downside Risk

Key observations:

1. Support Level Under Pressure

ETH is retesting this support multiple times.

The annotation suggests: “SUPPORT IF BREAKS THEN WE CAN SEE MORE DOWNWORD” — meaning a breakdown could trigger further selling.

2. Downside Targets

If the current support fails, the next liquidity zones highlighted are:

FVG (Fair Value Gap) around $2,950–$2,900

Extreme POI zone around $2,880–$2,850

Major support at $2,787 (marked as “next support”).

3. Upside Scenario

If support holds, ETH could bounce toward:

$3,078

$3,134

High resistance around $3,225

4. Market Structure

Several CHoCH and BOS labels indicate mixed structure, showing recent weakness but with potential for rebound if buyers defend support strongly.