ETH: Why the “Buy the Dip” Crowd Might Be Too EarlyEthereum / USDBINANCE:ETHUSDProcessAndInterceptEvery dip creates new buyers. Because the last dips bounced. But markets don’t reward the same behavior forever. Looking at the higher timeframe structure on ETH, price recently broke structure (BOS) and pushed into a higher high. In the past, I used to look for entries around the 50% – 61.8% retracement area, while placing my stop around the 71% level. However, after observing this pattern multiple times, I noticed something interesting. When a break of structure forms after a double bottom, the pullback often runs deeper than most traders expect. Instead of respecting the 50% or 61.8% retracement, price frequently continues toward the 71% retracement level. In this case, that deeper retracement aligns with the higher timeframe demand zone around 289. That confluence makes this area particularly interesting from a structural perspective. Below are a few examples where the same sequence occurred. This is why that area becomes particularly interesting. Let's look at a few recent examples. Example 1 — Deep pullback into demand before continuation. Example 2 — Similar structure where price retraced into demand. Example 3 — A case where price continued without reaching 71%.