$ETH is showing a descending triangle compression after failing to reclaim the $2,350 pivot. Sellers have firmly established control by absorbing every minor relief bounce near the moving average resistance.
EP: $2,260–$2,290
TP1: $2,210
TP2: $2,150
TP3: $2,080
SL: $2,345
Liquidity pools underneath the recent $2,200 swing low continue to attract institutional interest for a potential sweep. The current lower high sequence confirms bearish market structure without requiring extreme downside momentum. Any sustained hourly close above $2,345 completely invalidates this bearish continuation setup.
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