$ETH The structure is bearish, with the price trading around 1952. The Bollinger midline continues to slope downward, and net active selling over the past 24 hours is around 300,000 coins. The high-volume area around 2017 overhead is creating mid-term resistance. A nearby on-chain cost wall lies just ahead: around $60 million worth of underwater long positions are concentrated above 1940.1, almost coinciding with support at 1940.8. The upper Bollinger band at 1992 is the main resistance, making a rebound to that level a selling opportunity. Shorting at the current price would leave too little room before support and offer an unfavorable risk-reward ratio, so place a limit short order at 1992 and wait for the price to rebound to that area before entering. Set the stop-loss above 1994; if the price holds above that level, it would signal that the bearish structure has failed. The target is the previous low at 1897, just above a liquidation cluster of around $11 million in long positions at 1894.6. Liquidation fuel within the band below totals around $190 million, far exceeding the approximately $56 million above, providing fuel for further downside. The main risks are a recovery in active buying over the next 1–4 hours (with net inflows of around $13.5 million over 4 hours) pushing the price straight through resistance, or a sharp drop sweeping liquidation fuel around 1895 before quickly rebounding and triggering the stop-loss. #ETH #ETH Trend Analysis