#WhaleDeRiskETH
$ETH Market Structure Update
Ethereum is hovering near $2,038, pulling back inside a rising 4H channel. The trend structure remains intact, but sellers stepped in after price was rejected around $2,120–$2,150.
This move looks like a controlled retrace into mid-channel support, lining up with the $2,020–$2,040 demand zone.
• Holding this zone keeps $2,100+ in play
• Losing it could shift focus toward $1,940 support
🧠 Context matters:
Market sentiment is cautious as Bitcoin weakness weighs on risk assets. ETH flows remain mixed due to ETF positioning and pre-upgrade uncertainty.
Volatility is elevated — wait for confirmation, don’t rush entries.
ETH
1,919.15
-1.33%
BTC
65,603.35
-2.75%