ETHUSDT · Ethereum

Analysis

Structure is clearly bearish — price is trading below the two previous major highs. The critical level for trend preservation is $2,149; while price stays below it, the runway for further downside remains open. Shorts remain the preferred direction. The nearest supply sits around $1,765-1,792, with more supply zones stacked above. Each can be a short entry with lower-timeframe confirmation; the cluster of obstacles supports the downtrend.