$ETH ETH/USDT on the daily timeframe shows a strong bearish trend, currently trading around $1,935 after a sharp decline from the $3,400 region. Price recently bounced from the $1,747 low but remains below key resistance near $2,030–$2,100. The Parabolic SAR dots are still above price, signaling continued downside pressure. Volume spiked during the sell-off, indicating strong distribution, while recent candles show weak recovery momentum. If bulls reclaim $2,100, a relief rally toward $2,400 is possible. However, failure to hold $1,900 could reopen downside toward $1,750. Overall structure remains bearish unless a clear higher high forms.