$ETH — Bearish Continuation Setup

ETH has delivered a strong breakdown from range highs, confirming a clear shift in market structure. After topping near the $3,040 region, price has consistently printed lower highs and accelerated to the downside.

The selloff intensified with a decisive loss of prior support, ending in a capitulation wick into the $2,250 zone. While price has since bounced, the reaction lacks volume, acceptance, and follow-through — signaling a corrective relief bounce, not a trend reversal.

As long as ETH remains capped below the $2,600 resistance, sellers stay in control and downside continuation remains favored.

Trade Plan — Short $ETH

Entry: $2,460 – $2,520

Stop Loss: $2,620

TP1: $2,350

TP2: $2,250

TP3: $2,120

Momentum continues to favor the bears, and unless ETH can reclaim and hold above broken structure, the path of least resistance remains lower