d1

1. Trend structure (Market Structure)
The D1 chart shows $ETH
has gone through three distinct phases:
A strong uptrend phase from around 1.900 USD to the 2.460 USD zone, forming a sequence of higher highs (HH) and higher lows (HL).
A period of sharp decline, breaking the uptrend structure that preceded it and plunging into the 1.503 USD zone, confirming the medium-term downtrend.
The current recovery phase, where price continuously forms higher lows and higher highs in the short term since the 1.503 USD bottom.