ETH Wave Structure (1H)

Trend Judgment
After multiple rejections at the 2100 level, it has pulled back,
Currently at 1980 — 1990.

Overall:
A weakening structure after high-level oscillation
Short-term bearish dominance
Still operating within the range

This is not a one-sided trend.

Reasons:
1H repeatedly tested 2030–2050 without stabilization
Resistance formed near the high of 2038
BOLL middle band moving flat and downward
Price falling back into the middle-lower band area
MACD turning green again
Bars enlarging
Momentum weakening

Key Levels

Resistance Zone
2000–2010: Short-term rebound resistance
2030: Structural resistance level
2050: Strong resistance watershed

Support Zone
1970: Current support level
1940: Previous low support
1920: Breakout acceleration level

Summary
This is the re-test phase after a pullback from the high range

Unable to hold above 2000
Structure is weak and oscillating

Trading Strategy:
Primarily short on rebound resistance
Do not chase shorts
Wait for a rebound

If it breaks below 1940
It will enter a new downward exploration phase

If it reclaims above 2030
The structure will shift back to a bullish control.