$ETH The structure is bearish, with the price trading near 2242.4 along the upper Bollinger Band. The middle band is still pointing down. Net aggressive selling over 24 hours is about 3,300 units, though buying has partly recovered in the 4-hour window, with aggressive buying accounting for roughly 70%. The cost-basis center of gravity is concentrated around the POC at 2229.4, which coincides with the lower edge of the value area at 2229.4, forming support. Near-term resistance is formed by the upper Bollinger Band and the 20-hour high of 2245.2. The high-volume area at 2235 below is still some distance from the current price, so entering early is preferable to waiting; therefore, go short at market. Place the stop-loss above 2245. If the price regains and holds above that level, it would indicate that the rebound has turned into a genuine breakout, invalidating the bearish thesis. The target is the high-volume area at 2235, with a risk-reward ratio of about 2.7. The main risk is that long liquidation fuel below is substantial, at about $360 million, and a sharp drop could quickly reverse and trigger the stop; alternatively, short-term buying could push the price back above 2245 and stop out the short position. #ETH #ETH Trend Analysis