$ETH The structure is bearish, with prices repeatedly weakening around 2079. The 4-hour chart remains in a downtrend, with the Bollinger middle band pressing down around 2065 and the upper band near 2087 acting as intraday resistance. Below, the POC at 2066.9 overlaps with a long-position breakeven wall worth around $71 million near 2067.6, providing the first support on a pullback. Above, the high-volume area at 2126.5, combined with a short liquidation cluster worth around $11.22 million near 2140.4, forms the main supply zone. The current price is close to overhead resistance, offering a favorable risk-reward setup. Short directly at market at 2077.4; there’s no need to wait for a bounce. Set the stop-loss above the Bollinger upper band at 2089.2. A sustained move above this level would mean the rebound has exceeded expectations and the bearish structure has failed. Target the swing low at 2048, for a risk-reward ratio of about 2.5. There is also around $190 million in long liquidation fuel below, which could be swept as the move continues. The main risk is that active capital flows on both the 4-hour and daily charts are still slightly net positive—about $6.7 million on the 4-hour chart. If the price fails to break below the 2048 area, it may continue to range and rebound repeatedly, potentially stopping out the position.#ETH #ETH Trend Analysis