$ETH is leaning lower while price sits below the nearest liquidity at 2435. If sellers keep control, 2404 is the first magnet, then 2389 if that breaks. A push back through 2435 would likely squeeze the setup and challenge the downside read. That move would invalidate the bearish path and open a cleaner recovery attempt.

$ETH still looks weak below 2435. 2404 then 2389 are the downside magnets unless price reclaims 2435.