What can be seen on the chart (1H ETH/USDT)Ethereum / TetherKUCOIN:ETHUSDTcryptodailyuk📉 Current Situation We have a strong rejection from ~$2,367 (resistance) Dynamic downtrend ↓ with a breakout of the short-term structure (LH + LL) Price has returned to the uptrend line (purple line) Currently: a test of this line + the ~$2,149 zone 👉 This is a key moment: either a bounce → continuation, or a break → a deeper correction 📊 Key Levels 🔴 Support: $2,149 (current level) → very important $2,062 $1,998 → strong demand zone 🟢 Resistance: $2,275 $2,367 $2,477 (upper range / HTF) 🧠 Market Structure Medium-term trend: still up Short-term: correction / Possible change in momentum 👉 MACD: Strong bearish momentum No clear divergence yet → decline may continue 🔥 Scenarios 🟢 LONG SCENARIO (more aggressive) Condition: Defense at $2,149 + trendline Reaction occurs (pin bar, engulfing, volume) Targets: $2,275 $2,367 👉 This is a classic buy the dip in a trend 🔴 SHORT SCENARIO (more likely short-term) Condition: Clear breakout below trendline + $2,149 Targets: $2,062 $1,998 👉 Then you have: structure breakout end of local uptrend ⚠️ Key conclusions The market is on the verge of a decision This is NOT a good one A moment for blind entries Best plays: Reaction at support (long) Or retest after a breakout (short)