$ETH Bearish structure. The price is moving along the lower Bollinger Band near 2124.7, while the middle band at 2213.6 continues to trend downward. It has fallen about 5% in 24 hours, with net aggressive selling of approximately 230,000 coins. The cost-basis center is concentrated around the POC at 2237.9, which overlaps with the 20-hour high of 2245.2 to form an overhead resistance zone. There is still room between the current price and the resistance above, so chasing a short here is not ideal. Instead, place a short order at the POC level of 2237.9 and wait for the price to rebound into that zone. Set the stop-loss above 2240.1; if the price holds above that level, it means the rebound has turned into a genuine breakout and the bearish structure is invalidated. The target is the deep long-liquidation zone at 2060.6. A break below the 96-hour low of 2058.5 would open up more downside. The main risk is a sharp drop to around 2058 triggering large-scale long liquidations, followed by a rapid rebound that could stop out the short. #ETH #ETH Trend Analysis