$ETH The structure is bearish, with the price hovering near the lower Bollinger Band around 2090. Since retreating from the 2253.2 high, rebounds have been weak. Aggressive net selling has persisted on both the 4-hour and daily charts, with about $16.6 million in net selling on the 4-hour chart. The cost zone overlaps with the long liquidation cost wall of about $66 million around 2125–2126.8. Together with the 20-hour high at 2142.4 and the upper Bollinger Band at 2144.6, this forms a resistance zone overhead. Long holders outnumber short holders by about 13,400 to 6,600, leaving retail traders still crowded on the long side. There is also about $9.6 million in short liquidation fuel above at 2151.2. The current price is hugging the lower band, so chasing shorts here would put entry too close to support. Instead of entering at the market, place a sell order at 2125, where the cost zones overlap, and wait for the price to rebound into that area before entering. Set the stop loss narrowly at 2127.1, about 0.1% from entry. If the price holds above 2127, that would indicate the rebound has turned into a genuine breakout and invalidate the bearish thesis. Target the area around the lower edge of the value area at 2081.2. The risk-reward ratio is about 20.6, but the stop-loss tolerance is extremely tight. The main risks are that the price does not rebound, leaving the order unfilled, or that a stronger-than-expected rebound pushes through 2125 and triggers the stop.#ETH #ETH price analysis