ETH moved up to $1500 and swept the February low on higher timeframe, but failed to sustain any recovery above it. The recent bounce was purely news-driven, and the structure remains weak.
Key levels:
• Resistance: $1700–$1800 • Support: $1500 • Critical risk zone: $1400
Order book insight: Below $1400, liquidity is extremely thin all the way down to $1000, where a large passive bid is sitting. This creates a risk of a fast, unstructured drop if $1400 is broken.
Market scenarios:
Base case — continued consolidation inside a range, with potential moves back to $1600–$1550 or another sweep of lows.
Alternative case — bullish reversal only becomes relevant if price reclaims and holds above $1800. Until then, no confirmation of trend change.
Overall context remains bearish, and the market still lacks strong demand. The key levels to watch are $1800 for breakout confirmation and $1400 for structural breakdown.