Here’s the read on ETH USD 15 minute chart on StandX, written in the same tone mod usually likes. ETH is still trading in a short term corrective phase after failing to hold the prior upside structure. The earlier push higher lost momentum near the upper Bollinger Band and price has since rotated back into the middle of the range rather than extending. Price recently broke below the mid Bollinger Band and spent time trading closer to the lower band. That matters. This was not a single wick rejection. Candles are closing lower and follow through selling appeared, which suggests acceptance rather than a quick liquidity sweep. Both MA 7 and MA 15 are flattening and starting to roll over. Price remains below MA 15 and is only reclaiming MA 7 briefly on small bounces. This usually points to a market that is still correcting rather than transitioning back into a clean trend. Bollinger Bands remain relatively wide, especially on the downside. Volatility has not fully compressed yet. When bands stay open like this, price often continues to probe liquidity zones before stabilizing. Volume expanded during the downside move and did not fully dry up on the bounce. That reduces the probability that the recent move up is a strong V shaped reversal. For now it looks more like a reaction than a confirmed shift in control. Key areas to watch The 2345 to 2355 zone remains an important decision area. This aligns with the mid Bollinger Band and MA 15. Any push into this zone without strong follow through should be treated as a reaction, not a trend change. On the downside, the 2325 to 2330 area is the short term support zone. If price revisits this area and holds with reduced selling pressure, a base can form. If it breaks with momentum, continuation lower becomes the dominant scenario. As long as price stays below the mid Bollinger Band and MA 15, the short term bias remains cautious. Patience matters here. Let price show acceptance or rejection at key zones before committing