$ETH Isn’t About a Bounce Yet — It’s About Structure.
Ethereum is doing what it usually does after a sharp move down: slowing momentum, not reversing instantly.
Last time we saw similar conditions, price didn’t V-bounce. It ranged, flushed impatient traders, and built a base while volatility compressed.
Right now, market structure suggests ETH is likely to rotate between $2,000 and $2,800 into late February and early March.
A clean reclaim of higher levels would shift bias bullish. A breakdown below support likely means more time spent building a base, not panic.
Indicators don’t call bottoms.
They tell you when fear is priced in.
What happens next depends on whether buyers show up like they did last cycle.
