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$ETH is printing a clear triple-top style rejection on the 1H timeframe.
Marked as Top 1 → Top 2 → Top 3, price keeps failing to hold above the same supply zone, which tells us buyers are losing strength on every push.
At the same time, price is holding a horizontal base around ~2000–2020, which is acting as short-term demand. This creates a compression structure — range is tightening, and directional expansion is coming.
If #ETH loses the base (~2000–2020) with a strong close:
Downside targets
1980 – 1950 (first reaction zone)
1900 – 1850 (previous impulse base)
1800 – 1750 (major HTF demand / liquidation zone)
This aligns with past breakdown behavior after multiple top rejections.
🟢 Bullish Scenario (needs confirmation)
Only valid if #ETHEREUM reclaims and holds above 2140–2160 with volume:
Upside targets
2200 – 2250
2320 – 2350 (range high / liquidity sweep)
Without a clean reclaim, upside moves are likely to be sell-the-rip.