$ETH — Rejection at Supply, Pullback or Reload Before Expansion?
The 1H structure on $ETH shows a clean transition from accumulation into expansion, followed by a sharp rejection at a well-defined higher-timeframe supply zone around $2,380–$2,420. Price impulsively tapped this zone and immediately printed a bearish displacement, signaling strong seller presence and likely institutional distribution.
The rejection wick and follow-through confirm this is not just profit-taking — it’s a reaction to liquidity sitting above previous highs. The market grabbed buy-side liquidity and reversed, which