$ETH rotating back into supply bounce looks corrective, not impulsive. Sellers still controlling the tape.
Trading Plan — Short $ETH
Entry: 1930–1980
SL: 2070
TP1: 1840
TP2: 1760
TP3: 1680
This recent upside on ETH feels more like a relief rally than genuine strength. Every push higher is getting absorbed, and there’s little to no aggressive follow through from buyers.
Price continues to carve out lower highs, keeping the broader structure tilted bearish.
Momentum hasn’t shifted in favor of bulls, and the order flow leans more toward distribution than accumulation. Bounces are being sold quickly, which signals supply is still active in this zone.
Unless ETH can reclaim and hold above key resistance with strong expansion, the path of least resistance remains lower.
If sellers maintain pressure here, downside continuation becomes the higher-probability scenario. Manage risk accordingly and let structure confirm the move.
