ETH 1D – Descending Trendline Rejection Back Into Key SupportEthereum / TetherUSBINANCE:ETHUSDTBKVIPETH on the 1D timeframe is currently trading around 1,833 after recovering from the June low near 1,525 and pushing up to test the descending trendline near 1,900–1,970 in mid-July before being rejected, with price now pulling back through the 1,833 horizontal pivot and pressing toward the 1,725–1,750 support zone beneath. The chart shows a descending trendline originating from the October 2025 high near 4,600, connecting through the March 2026 recovery high near 3,400 and the May high near 2,400 before continuing to slope down into the 1,800–1,900 area currently. Price collapsed sharply from the May high through June and into a low near 1,525 in late June before recovering. That recovery pushed price back up toward the descending trendline in mid-July near 1,900–1,970 where it was rejected cleanly, confirming the trendline as active resistance once again. The horizontal level near 1,833 has been a consistent pivot through the recovery and post-rejection period and is now being lost, with the next meaningful support sitting near 1,725–1,750 below. The February low near 1,750–1,800 adds additional reference to that zone. The trendline rejection from 1,900–1,970 after the first meaningful recovery since the May high is a significant development, as it confirms the macro descending structure remains fully intact despite the June bounce. Key Levels To Watch → 4,400–4,600 October 2025 high, major resistance above → 3,200–3,400 Prior recovery high, resistance → 2,300–2,400 May high, resistance → 1,900–1,970 Descending trendline, rejection zone and current overhead resistance (dynamic) → 1,800–1,833 Broken horizontal pivot, now resistance → 1,725–1,750 Horizontal support, next key level below → Below 1,525 Prior low, extended breakdown territory A hold at 1,725–1,750 and a recovery back above 1,800–1,833 followed by a confirmed break of the descending trendline near 1,900–1,970 would signal the first macro structural shift since October 2025, opening a move toward 2,300–2,400 and above on continuation. A confirmed daily close below 1,725–1,750 would remove the only visible support below the trendline rejection and expose price to a retest of the June low near 1,525 and potentially below with the descending trendline continuing to suppress any recovery from above. Trendline rejection confirmed, pullback now pressing into next support. Hold 1,725–1,750 and reclaim 1,833 → recovery attempt open, trendline break next target. Lose 1,725–1,750 → June low retest near 1,525 open. Bias bearish below descending trendline. Shift only on confirmed daily close above 1,900–1,970.