$ETH The structure is bearish, so short directly. After reversing around 2454, the price weakened steadily. The latest large bearish 1-hour candle plunged straight to around 2349, and it is now consolidating weakly around 2386. The downtrend remains intact. Let’s lay out the key levels first: resistance at 2400, the POC high-volume area, right around the Bollinger midline—the most likely place for a rebound driven by short covering to get sold; support at 2316.7, a support wall and the lower edge of the value area. Don’t chase the short: place a limit sell order at 2400.2 and wait for a rebound to fill it. Set the stop loss at 2420.6, above the upper Bollinger band. If the price climbs back above this level, it means the rebound has exceeded the normal pullback range and the bearish thesis is invalidated, so cut the loss and exit. Target 2316.7, the support wall and lower edge of the value area; the measured risk-reward ratio is about 4.1, making this the most reasonable take-profit level for this decline. Risk: short-term buying is returning, and there is plenty of fuel for a short squeeze above. Price may spike first and trigger stops before falling back, so leave room in your position. #ETH #ETH Trend Analysis