#ETH Market Structure (Daily)

Primary trend shows lower-highs under a descending trendline
$ETH bounced from the 1.618 fib extension 2,620 ish.

Now forming a counter-trend rally inside a larger bearish structure.
This is not a confirmed trend reversal, only a corrective move unless key resistance breaks.

Price is trading around $3,300–3,350
where prior support is now resistance.
Midpoint of the broader fib range just below the descending trendline.
Candles show short-term higher lows, but:
Bodies are getting smaller and upper wicks are appearing.

This is a decision zone, not a breakout zone.
RSI is around 60–62
Clear bearish divergence:
Price made a higher high
RSI made a lower high
Momentum is slowing, not accelerating
This strongly favors a pullback or rejection rather than immediate continuation. IMO.
To conclude:
Short-term: Cautiously bearish / neutral
Medium-term: Bearish unless $3.6k breaks
Chasing longs here is poor Risk/Reward imo