$ETH · 1h — smart money read Price has broken below the 2401.37 swing low and remains beneath both declining EMAs, keeping control with sellers. The sharp low sweep has prompted a bounce; a pullback toward the broken level may attract offers before any continuation lower. Structure Bearish structure with a breakdown below the 2401.37 swing low; price is in discount within the full window. Key zones • Resistance 2,401.37 — Broken swing low; potential resistance • Order Block 2,420.00 – 2,427.00 — Supply before latest selloff Most probable path A rebound may test 2401.37–2427; rejection there favors renewed downside. The 2313.39 low has already been swept, so no further structural target is clear in view.