🚨 ETHEREUM DISTRIBUTION CONFIRMED! BEARISH STRUCTURE INTACT 🚨

$ETH just completed a massive markdown phase after failing distribution near 3,380. Selling pressure accelerated hard once 3,286 cracked. This was liquidation-driven selling, not healthy pullback.

The speed of the drop confirms the bearish thesis. $ETH is now reacting at major support near 2,900–2,950, showing sell-side exhaustion. A technical rebound is highly plausible right now.

Expect a corrective bounce toward 3,020–3,050 resistance. Treat any upside as a rally to sell until $ETH reclaims the 3,180–3,230 cluster. Short-term structure remains bearish.

#ETH #CryptoAnalysis #BearMarketBounce 📉

ETH
ETHUSDT
2,190.39
-5.85%