📉 $ETH Bearish Break of Structure + Trendline Break Confirmation

After a strong upward retracement, price formed higher lows along an ascending trendline. However, the trendline has now been broken decisively, and price is retesting the previous structure area.

🟥 Entered a short position at 2,507.88

🎯 Target: 2,429.97

📛 Stop Loss: 2,546.90

This setup aligns with the Smart Money Concepts (SMC) approach, looking for a break of structure (BOS) followed by a retracement to a premium zone before continuation.

Let’s see if price respects the bearish momentum. 📉

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