ETH 1W Structure Ethereum / U.S. dollarBITSTAMP:ETHUSDProR35For me, there are two possible moves that ETH can make that are actionable. ETH is sitting right at a former LH (midpoint) after bouncing off 2025 ATH Origin block (local low). To me this completes the drawdown phase and a successful bounce at this low is positive for the bulls, but to break bearish structure a new HH must me printed. Currently price has barely pushed above the previous high and signals a flip in structure, so now this leaves two scenarios I want to look out for to act upon: The bull case is a sweep of the supply zone, which the wick from last weeks close suggests has at least partially been completed, hitting stop losses from short sellers who then become forced buyers. This in turn continues to fuel the buyside pressure and we continue to move up, next level of resistance would be $3000 which is the origin of the flush (local high) towards recent lows. The bear case is a simple one, a standard swing fail pattern as supply zone liquidity is absorbed by impulse selling, buyers unable to overwhelm sellers at this key level forcing the buyers to retreat as the rally becomes exhausted. A clear place for price to retreat to would be the origin of the rally itself around $2000. However, if the bull market has now begun and the low is in, a front run of this level with large volume would be the signal that this is not just a bear market rally, this is a shift in the market sentiment.