2026-02-08 07:54:13

ETH Wave Structure (1H)

Trend Judgment
1865 → 2125: Failed to continue after the surge,
Currently consolidating around 2080.

Overall remains:
A high-level relay platform within a bearish trend
Has not yet formed a reversal structure.

Reasons:
Daily chart still in a downward channel
Highs have not broken through 2160
No continuous volume increase after 2125
1H MACD momentum is flat
Trading volume continues to shrink, Bollinger bands narrowing

Key Levels

Resistance Zone
2100–2120: Upper boundary of the platform resistance
2160: Bearish wave defense
2200: Trend reversal confirmation level

Support Zone
2050: Central support of the platform
2020: Break below indicates weakening
1980: Accelerated structural level

Summary
This is
A high-level compression platform
Not the start of a bull market.

Above 2100
Remains a zone for bearish attempts in stages.

If it falls below 2020
The bearish structure will truly open.

ETH3.75%

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