$ETH is showing continued weakness after rejecting the $1,579.28 resistance zone, reinforcing the current bearish structure following yesterday's sharp decline. I'm looking for a short entry between $1,570.00 and $1,595.00, with a stop loss at $1,625.00. Price remains below the 1-hour EMA21 and EMA50, and unless buyers can reclaim those levels, the downside targets I'm watching are $1,540.00, $1,480.00, and $1,400.00. A decisive move above $1,625.00 would invalidate the bearish setup and suggest the trend is shifting.

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