ETH Structural Diagnosis — From "Big Drop" to "Big Horizontal" 🧠
$ETH Daily Chart Level: After a rapid liquidation (Spike), it is currently in the typical "second stage of evolution" in Price Action (PA): transitioning from a unidirectional trend to a trading range.
The most intense momentum of the bears has been exhausted, and the market is searching for a new value center.
1H Perspective: Classic 3-Legged Drop Structure 📉
Observe the 1H chart:
The reversal did not lead to an immediate reversal but instead formed a complex "three-phase decline" sideways movement.
✅ Leg 1 & 2: Highs are con