$ETH Why I Don’t Expect Another Move Below $1,500

I don’t believe ETH will print a lower low below $1,500 again unless the current market structure gets decisively invalidated.

From a Wyckoff perspective, ETH appears to have completed a broad accumulation phase following the previous markdown. The selloff toward $1,500 created a potential Selling Climax, followed by a Secondary Test and an extended base between roughly $1,600–$2,200.

The breakout from that range came with stronger demand, which is more consistent with accumulation resolving to the upside than another distribution phase.

SMC structure also supports this view. ETH formed a bullish CHoCH, followed by BOS and strong displacement away from the accumulation range.

The key demand zone remains around $1,700–$1,900. As long as this area continues to hold, the broader bullish structure remains intact.

For now, I’m watching the current consolidation closely. A clean breakout with confirmation could open the door to the next expansion higher.

Structure first. Patience over prediction.