Ethereum's macro structure is looking rough right now, and I want to share a transparent breakdown of my current view on $ETH. Back on June 13, 2025, when I first talked about ETH with you all, I was confident. Price was around 2400. I bought in at 2200 and set three clear targets: 4300, 4900, and 5300. By the end of August, ETH broke its all-time high but never reached that 5300 target. So I sold my entire position at an average of 4400. Looking at the bigger picture now, things are not great. As the chart shows, ETH touched the major Gann angle 2/1 line but reacted weakly. It then fell back below that line. When a key support level like this fails to hold, it's a serious warning sign. Right now, a similar scenario is playing out on the 3/1 line. Since 3/1 isn't our primary observation point, I'm watching the 4/1 line closely. If ETH drops below 4/1, the next trend direction will be very concerning. If ETH stays below 4/1 for an extended period, even when Bitcoin starts its next bull cycle, ETH may only see a single large-scale relief rally. For my strategy going forward, I plan to reallocate part of the position I was saving for ETH and increase my $CRCL allocation instead. When I build the next position, I'll share the exact entry points and allocation ideas in the group. Stay sharp out there.