ETH · 1H · DOWNTREND

Price has been in a sustained downtrend from ~2,500 all the way to current levels near 1,653 — lower highs and lower lows the entire way down with no structural reversal in sight. The most recent leg accelerated sharply starting around June 1st, with a near-vertical drop through 1,800, 1,760, and now pressing under 1,680. Volume spiked massively on this final breakdown, confirming the move is not a shakeout — this is distribution and panic selling feeding on itself. There is no consolidation base, no bounce structure, and no demand zone visibly holding — price is in free fall on the 30m/1H view.

Setup: SHORT

- Entry: 1,680 (market / any intraday bounce into this level)

- Stop Loss: 1,720

- Take Profit 1: 1,600

- Take Profit 2: 1,540

- Risk/Reward: 2.0:1

- Confidence: HIGH