ETH · 1H · DOWNTREND

The previous short setup from my last read is still live and untriggered — price never reached the 2,340–2,353 zone needed to activate it, ranging between 2,248 and 2,318 since that read. The daily trend is down, the lower-high sequence on this chart is intact, and the spike low to around 2,125 followed by the recovery to current 2,289 has done nothing to change that structure — it's a bounce inside a downtrend, not a reversal. The headline risk is real: a reported $6 billion theft from Binance is a live fundamental overhang on the space, and that kind of event fuels volatility and distribution, not accumulation. I'm not chasing longs here. I'm still waiting for price to rally into the zone so the rejection setup can play out.