$ETH The structure is bearish, with the price trading around 1934.6 below the Bollinger midline, which continues to slope downward. The price is down about 3.8% over 24 hours, with net aggressive selling of approximately 340,000 coins, and has retraced about 9.3% from the recent high of 2132. The price has fallen below the lower edge of the value area at 2036.2, with the first support below at 1923.3. There is dense selling pressure around 1967 above; the upper Bollinger Band coincides with a short-cost wall of approximately $25 million near 1968.3, while the 20-hour high at 1987.9 adds to the resistance zone. A rebound into that area would be a selling opportunity. The risk-reward for chasing shorts at the current price is only mediocre, so do not enter at market. Instead, place a short order at 1967, near the upper Bollinger Band, and wait for the price to pull back into that area to fill the order. Set the stop-loss at 1969; holding above the upper Bollinger Band would indicate that the bearish structure has failed. Target 1897, near the 20-hour low of 1894.9, and close the short there on a further decline. The main risks are that aggressive buying still accounts for 59.2% over the 1-hour period, and the price may break through the selling-pressure zone without pulling back, triggering the order and stopping it out; alternatively, a sharp drop could touch the approximately $31 million in long liquidation fuel near 1878, then quickly rebound and trigger the stop. #ETH #ETH Trend Analysis