ETH/USD Analysis – Smart Money Breakdown Ethereum / US DollarCOINBASE:ETHUSDMentor_Michael03 ETH/USD Analysis – Smart Money Breakdown & Rejection from Premium Zone 🔍 Key Breakdown: ✅ BOS (Break of Structure): The initial BOS on July 15 signaled a strong bullish shift in market structure, triggering a sustained upside rally. 💪 Strong Bullish Rebound: After the BOS, ETH experienced impulsive buying, confirming institutional order flow and liquidity injection. 🔺 Resistance Zone (Premium Area): The price formed a clear TOP at the resistance (near $3,950–$4,000), a common zone where smart money distributes positions. 📉 Reaction from Resistance: As ETH tapped into the resistance, price sharply rejected — a potential mitigation move or distribution phase. ⚠️ Current Price Structure: After the correction, ETH is retracing back into the resistance zone. The projected arrow indicates a possible lower high formation, followed by a continuation to the support zone ($3,300–$3,400). 🧠 Educational Takeaways: Structure Is King: Market structure (HHs, HLs, BOS) is the foundation of SMC-based trading. Premium vs. Discount Zones: Smart money sells in premium (resistance) and buys in discount (support). Liquidity Reversal: Tops often trap late buyers before a reversal — watch for liquidity grabs at key zones. Wait for Confirmation: Always wait for confirmation (candlestick or structure shift) before entering trades. 🎯 Potential Scenarios: ✅ Bearish Case: ETH forms a lower high and drops to support (~$3,350). ❌ Invalidation: Clean breakout and hold above $4,000 could open doors for further bullish continuation.