ETH Holds Below Value Area — Rejection Risk RisesEthereum / TetherUSBINANCE:ETHUSDTThe_Alchemist_Trader_Ethereum is showing bearish conditions as price continues to find acceptance below the value area with multiple candle closes confirming weakness. From a market structure standpoint, this keeps ETH in a vulnerable position, as sellers are still controlling the higher value zone and price has not reclaimed key resistance to shift momentum back bullish. While ETH has recently produced a short-term bounce from the 0.618 Fibonacci, the reaction has not fully restored strength. The market also appears to have front-ran the Point of Control (POC), meaning price is now testing a local resistance zone without fully reclaiming the key value level. This is an important pivot area, because a rejection here would likely trigger another rotation lower back toward the 0.618 Fibonacci and the POC, which remain the critical support levels that must hold to prevent further downside. If Ethereum breaks below this support cluster on a closing basis, the downside scenario expands quickly. The next major target would become the prior swing low near $1,385, which acts as the deeper structural support in a broader corrective move. Key Levels to Watch: - Local resistance: rejection zone risk remains active - Support cluster: 0.618 Fib + POC must hold - Breakdown target: $1,385 swing low Ethereum is at a key decision point where a clear resolution will likely trigger acceleration in either direction.