$ETH has a bearish structure. Since the price turned bearish at 2454.1 5.9 days ago, it has fallen 4.3%. This trade is a sell on a rebound—don't chase longs. The current price is 2348.4, sitting just above the POC/support at 2335.99. Overhead is a resistance zone formed by the 20-period high at 2364.1 and the upper Bollinger Band at 2365.23. Enter the trade directly: sell short at the market price of 2348.4, without waiting for a pullback. Set the stop-loss at 2366.5, above the resistance zone. The reasoning is clear: if the price reclaims this area, the bearish structure is invalidated. Target 2308.6, the lower edge of the value area and the first meaningful structural support below. The measured target distance is 39.8, greater than the stop distance of 18.1, for a risk-reward ratio of about 2.2:1. One final risk note: net inflows over the past 24 hours remain positive, and short-term buying pressure is dominant in the 15-minute window. The price may first spike to test the 2364 area before pulling back, so stick to your stop-loss discipline.#ETH #ETH Technical Analysis