ETH Morning Market Analysis: Are the Left-Side Highs Setting the Trend? Has the Arc Bottom Completed?

Using the left-side historical high as an anchor, ETH’s 1-hour cycle shows a clear overall structure: the previous rally starting around 2000 is essentially a correction of an arc bottom pattern. Currently, it has touched the strong resistance zone at 2300-2350 on the left side, and the upward momentum of the arc bottom has significantly weakened.

Main structure-wise, 2300 on the left side is the core ceiling of this round of rally. The price has completed a structural reversal (CHoCH) in this area, confirming the short-term bullish trend has ended and entering a high-level consolidation. The key support and resistance levels are fully anchored on the left side:

Strong resistance: 2270-2300 (a densely traded zone on the left side, multiple failed attempts to break higher)

Strong support: 2150-2170 (the upper boundary of the previous consolidation zone on the left side, a critical defensive level for this rally)

Secondary support: 2080-2100 (the central support of the left-side structure; a break below would invalidate the arc bottom pattern entirely)

Currently, the price is oscillating between 2150 and 2270. Whether the arc bottom has completed depends mainly on whether the 2150 support can hold. If it breaks down, the arc bottom pattern will be confirmed as invalid, and a new downward wave will begin; if it holds, there’s still a possibility of a second rally testing the left-side high.

Has the ETH arc bottom already completed? Do you think it will dip back to 2150 before pushing up to the left-side high again, or will it break directly downward? Share your views in the comments to verify together.

#ETH行情分析