$ETH The structure is bearish, with the price hovering near the lower Bollinger Band around 2235.4. Net aggressive selling over the past 24 hours is about 21,000 coins, while aggressive buying accounts for less than 10% over the past hour. Sellers have the advantage over longer timeframes, and the 4-hour trend remains down. The price is near the lower edge of the value area from 2222.6 to 2509.5, with the POC at 2326.9 hovering about 4% overhead and the overall cost basis weighing on the price. Near-term resistance lies around the Bollinger midline at 2243.3 and the long-position cost wall near 2248.4. Initial support below is the value area's lower boundary at 2222.6, with about $350 million in long liquidation fuel below that level within the range. Rather than waiting for a pullback, enter a short directly at market around 2235.4. Set the stop-loss at 2246.4; if the price moves back above this level, the rebound becomes a genuine breakout and the bearish thesis is invalidated. Target 2205.4, for a risk-reward ratio of about 2.7. The main risk is that if the price fails to break below 2205.4, it may continue ranging, leaving the short without trend profits. #ETH #ETH Price Analysis