$ETH The structure is bearish, with price around 1817.6, down about 13.6% from the 96-hour high of 2103. After rebounding above the middle band at 1798.2, it is nearing the 20-hour high of 1857. Over the past 24 hours, taker flow has been net selling by about 490,000 coins, while price is down around 4.2% on the day; sellers have dominated in recent sessions. The cost zone overlaps with resistance at the POC of 1828.2, which nearly coincides with a long-position cost wall of about $60 million at 1829. The current price is just below this level. The value area spans 1743.4 to 2422, with price near its lower edge. Above, 1857 coincides with the Bollinger upper band at 1863.5, and a short-liquidation cluster worth about $16.94 million sits around 1892.7. Below, 1786.6 has about $13.66 million in long-liquidation fuel. Total liquidations below price within the band amount to about $110 million, outweighing the roughly $71.83 million above. Shorting at the current price is too close to support and offers poor risk-reward, so place a short limit order at the 20-hour high of 1857 and wait for a rebound to fill it. Set the stop at 1859, just beyond the high; if price reclaims and holds this area, the bearish structure is invalidated. Target 1712, near the liquidation-heavy zone around the 96-hour low of 1710.3, which is the nearest genuine support below. The main risks are that price does not rebound, leaving the limit order unfilled, or that net taker buying of about $27.29 million in the 4-hour window continues and drives price straight through 1857, stopping out the order.#ETH #ETH Market Analysis