3.12

$ETH Market Update | 1-Hour Structure

Currently oscillating around 2020
From a structural perspective, it has entered a short-term consolidation zone.

After hitting a low of 1910 earlier, a rebound occurred, reaching up to 2080. This is now a secondary consolidation after the pullback.

Next, focus on two key levels:

Upper resistance
2050 — 2080 range

Lower support
2000 — 1980 range

As long as 2000 is not broken, the market is likely to remain in oscillation with a bias toward rebound.

But if it breaks below 2000, the market may test 1980 again, or even 1950.

This kind of movement currently indicates that the main players are rotating within the range.
Be patient and wait for the direction.