$ETH Accumulation Lost — Bearish Structure Confirmed

Ethereum ($ETH) has cleanly broken below the 3,260–3,400 accumulation range on the H1 timeframe, confirming that the former consolidation was distribution rather than a continuation setup. The strong, impulsive rejection from the range high indicates buyers have stepped aside, with no meaningful defense of value. This price action signals the beginning of a broader bearish phase, not just a brief liquidity sweep or stop hunt.