Ethereum Isn’t Pulling Back — It’s Building the LaunchpadETHEREUM (ETHUSD) – 1H
1. Market Structure
ETH remains in a broader bullish structure, with price holding well above the major support zone (~2,760–2,800).
The recent decline from the local high is corrective, not impulsive — showing controlled profit-taking.
Current price is stabilizing around 2,960–2,980, forming a higher low relative to the previous swing.
➡️ This is a bullish pullback inside an uptrend, not a reversal.
2. Key Zones
Support Zone: 2,900–2,940
→ Buyers are actively defending this area.
Resistance Zone: ~3,160
→ This is the next major liquidity target and prior supply zone.
Price is compressing between support and mid-range — a classic pre-expansion structure.
3. Price Path Scenarios
Primary Scenario (Bullish Continuation):
Hold above 2,900
Push back toward 3,040 → 3,100
Final breakout attempt toward 3,160 resistance
If liquidity above 3,160 is taken → continuation toward higher highs
Invalidation Scenario:
Clean acceptance below 2,880
Would open downside toward 2,820–2,780 support
Only then would structure turn neutral
4. Momentum & Context
No signs of aggressive selling or distribution.
Pullback shows overlapping candles, indicating sellers lack conviction.
ETH is still tracking Bitcoin’s range behavior, suggesting synchronized expansion when BTC breaks.
➡️ Market conditions favor patience + positioning, not panic.
🧠 Final Takeaway
Ethereum is not rejecting resistance it’s absorbing it.
