$ETH is leaning lower while price sits below the nearest liquidity pocket. The first downside magnet is 2363, with 2348 as the deeper target if sellers stay in control. A bounce into 2393 can still happen, but that looks like sell side territory unless price accepts above it. The bearish idea fails if $ETH reclaims and holds 2393.

$ETH is leaning lower while 2363 sits first in line, then 2348 if sellers keep control. A push back through 2393 would be the clean invalidation.