ETH · 1H · DOWNTREND

Both targets from my previous read — 2,077 and 2,009 — have been reached. That's a completed move, not a continuation. Price is now at 2,067, sitting in the zone between those two spent targets, and the daily structure remains a clean downtrend of lower highs and lower lows. I'm not chasing this short from here — the move already delivered what I was looking for, and re-entering at the low with no fresh structure beneath me is exactly the kind of trade I avoid.

The setup I want is a dead-cat bounce back into resistance, then a rejection. The 2,155 liquidation cluster overhead is the magnet — that's where stops are piled and where sellers will be waiting. Funding is modestly positive (longs paying shorts at 0.0100% per 8h), which tells me the long-side crowd hasn't been fully flushed despite the move to 2,006. That residual long bias makes the bounce-and-reject scenario more credible — there are still longs to squeeze on the way up, and then to liquidate on the way back down.