Hello friends,

‍#ETH is currently developing a potential bullish AB=CD harmonic structure, with the recent pullback shaping what could become the C leg of the pattern.

Price is now approaching an important confluence zone between $2,003 and $1,984, where the 50%–61.8% Fibonacci retracement aligns with horizontal support. This area will be key for short-term direction.

If $ETH manages to hold this zone and buyers step in, the structure could complete and open room toward the $2,099 resistance level, with a possible extension toward $2,150 if momentum builds.

On the other hand, a sustained move below $1,984 would weaken the setup and increase the probability of a deeper corrective phase.

This is a technical decision area, reaction here will define the next move.