$ETH

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Here’s the setup I’m watching closely.

The green box is the key area for me. As long as ETH continues to respect this zone, I’m not interested in forcing a short because a strong reaction could invalidate the bearish idea.

However, if ETH closes below the green box without showing a meaningful bullish reaction, the structure starts to look different.

In that case, I’ll be watching the RH around 2533.

The idea is simple:

Breakdown → Retest → Rejection → Short

I’m not looking to chase the initial breakdown. I’d rather see ETH come back toward the 2533 RH and confirm that the previous support is now acting as resistance.

If the retest gets rejected, that would give me a cleaner short setup with a defined invalidation.

But if ETH reclaims the green box and holds above it, I’ll step aside and reassess. There’s no reason to force a bearish position when the market is showing strength.

For me, the confirmation matters more than the prediction.

Below the green box = bearish setup to watch.
2533 retest = key area.
Strong reclaim = setup invalidated.

Always manage risk and remember that a setup is a possibility, not a guarantee.