$ETH is approaching a critical zone where price action often reveals more than market sentiment.

Many traders are viewing this move as a straightforward recovery, but the underlying structure suggests caution.

After attempting to continue higher, ETH is showing signs of exhaustion. Volume is gradually declining, profit-taking is becoming more noticeable, and the current candle formation lacks the strength typically seen before a sustainable breakout.

This is often the stage where late buyers gain confidence while smart money starts positioning for the opposite move.

I'm not bearish on Ethereum in the bigger picture, but I don't see enough confirmation to trust this bounce blindly.

From a risk-to-reward perspective, the upper range offers an attractive short setup.

📉 Short $ETH

🎯 TP1: $1,770

🎯 TP2: $1,756

🛑 SL: $1,815

Manage risk accordingly.