Momentum has clearly shifted after the rejection from the highs — buyers failed to defend structure and price is now moving sideways below resistance. 🔥

$ETH is consolidating under the breakdown zone, which usually acts as a supply area. Each bounce is getting capped, signaling distribution rather than strength.

As long as price remains below the reclaim level, downside continuation stays in play.

Trade Setup (Short)

Short Entry: 3345 – 3370

Target 1: 3300

Target 2: 3260

Target 3: 3200

Stop Loss: 3415

Bias

Bearish below 3370.

A strong reclaim and hold above resistance invalidates the short setup.

ETH
ETHUSDT
1,945.26
-3.10%