ETH · 1H · DOWNTREND

The prior short setup from yesterday is still alive and unmodified — the two-step entry needed price to rally into 2,290–2,310 first, then reject with a 1H close back below 2,270, and that zone has not been reached. Price is sitting at 2,247, which is below the trigger zone, so the confirmation is still a forward event. I'm carrying this forward exactly as written — no new trigger, no new levels, no reason to change anything structural. The daily trend is down, lower highs and lower lows are intact, and the squeeze back from 2,210 looks like a dead-cat bounce grinding into overhead. The Fear & Greed Index sitting at 25 (Extreme Fear) is worth noting — these readings do historically precede bounces, and the squeeze from 2,210 to 2,254 may already be that bounce playing out. But extreme fear in a confirmed downtrend is not a reversal signal on its own; it shades my confidence lower, not my direction. The Bitmine institutional accumulation headline adds a mild demand-side argument, but it doesn't change the chart structure. Funding is a mild 0.0100% per 8h with longs paying — not an extreme squeeze setup, just a slight long lean that keeps the crowded side slightly vulnerable if the bounce fades. I'm not fighting the trend; I'm waiting for the bounce to run into resistance and confirm the rejection before adding any weight to the short.