BTC Re-Accumulation? چرا Ethereum Looks Bearish Here

The crypto market is currently exhibiting a sharp divergence in structural behavior between Bitcoin and Ethereum. While both assets experienced a volatility-driven sell-off between February 22nd and 24th, the subsequent price action reveals two very different institutional narratives.

Bitcoin (BTC/USD): The Liquidity Sweep & Accumulation Phase
Bitcoin’s chart highlights a high-conviction "Smart Money" accumulation setup. After a Change of Character (CHoCH) early in the week, the price tagged a Lower Low (LL) near $62,500 before seeing a sharp impulsive bounce to $64,836.

The Trajectory: The red path indicates a projected "Wyckoff Spring"—a final liquidity grab toward the $61,000 zone to trap late sellers.

The Recovery: Once the liquidity is cleared, the structural projection points toward a sustained rally to reclaim the $68,000–$69,000 supply zone.

Ethereum (ETH/USD): The Distribution & Breakdown Phase
In contrast, Ethereum’s structure remains heavy and shows signs of a classic distribution trap. Following a Break of Market Structure (BMS) to the downside, the asset has failed to produce the same impulsive recovery seen in BTC.

The Setup: ETH is currently consolidating around $1,889.80, pinned below a clear Lower High (LH) at $1,960.

The Outlook: The projected red trajectory suggests a brief "Dead Cat Bounce" to test the overhead supply near $1,960 before a deeper capitulation toward the $1,760 liquidity pool.