$ETH Ethereum’s supplied setup points toward a potential reversal after a severe risk-repricing period. A classic double-bottom structure has formed around the long-term liquidity zone, while accelerating exchange outflows suggest distribution may be ending. Funding rates have reset to neutral, creating a comparatively un-leveraged environment for a potential reclaim of the $1,922 structural pivot. Mainnet optimization testing and testnet rollouts provide the fundamental catalyst behind the proposed scaling re-pricing thesis.
📈 Bias: Reversal | 🎯 Entry: ~$1,902 | 🛡 Support: $1,870 | $1,850 | 🚧 Resistance: $1,922 | $1,980 | 🎯 Targets: $2,050 | $2,120 | ❌ Invalidation: Breakdown under $1,820
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