ETH · 1H · DOWNTREND

The structure here is clean and brutal — ETH has been printing lower highs and lower lows from ~2,430 all the way down to current levels near 1,981. Every attempted bounce has been sold into, and the latest leg from late May has pushed price through 2,000 psychological support with no meaningful recovery. I'm keying off the entire range of this chart: the dominant trend is down, the most recent swing high around 2,140 was rejected hard, and price is now grinding at the lows of the visible range. There's no bullish structure here — no higher low formation, no base building, nothing. My bias is short until proven otherwise.

Setup: SHORT

- Entry: 2,020–2,030 (first meaningful bounce into prior breakdown zone)

- Stop Loss: 2,065

- Take Profit 1: 1,960

- Take Profit 2: 1,920

- Risk/Reward: 1.6:1 (to TP1)

- Confidence: HIGH