$ETH is leaning lower while price holds just above the 1883 liquidity pocket. That 1883 area is the only nearby draw beneath current price, so a sweep there looks like the cleanest path if sellers stay in control. If price loses 1883 and fails to recover it quickly, downside continuation opens up from there. A reclaim and hold back above 1883 would be the first sign that the move is getting invalidated.

$ETH is drifting toward 1883, with downside still favored while that pocket stays below price. Lose 1883 and the path lower stays open.