ETH Wave Structure (1H)

Trend Judgment
1844 sharp decline followed by a technical rebound,
Currently operating within the 1915 — 1925 range.

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

Market Essence:
Downtrend → Correction → Waiting for a secondary direction choice.

Reasons:
1H remains in a downward structure
High points continue to shift lower
Price is still below the moving averages
BOLL middle band shows clear resistance
Rebound volume is weaker than decline volume
MACD has turned red but momentum is slowing

Key Levels

Resistance Zone
1935: First rebound resistance
1960: Bearish defense level
2000: Trend reversal confirmation level

Support Zone
1900: Short-term dividing line
1870: Pullback support zone
1844: Previous low key support

Summary
The current structure is:
A correction rebound after a bearish decline

Not a bottom-fishing market.

Core Rhythm:
Rebound ends → Likely to test lower again

Trading Strategy
Prioritize watching for short positions near 1930 with stagnation
Do not chase shorts at low levels
Wait for a rebound to determine position

Only when breaking back above 1960
Can the market possibly shift from
Bearish rebound → Structural reversal