$ETH
ETH is trading near 1,948 after a strong corrective decline from the 3,042 swing high, confirming a clear 4H bearish market structure with consistent lower highs and lower lows. The sharp drop toward 1,745 formed a capitulation-style wick, followed by a relief bounce, but price remains below major resistance around 2,200–2,250, where prior support flipped into supply.
Volume expanded during the sell-off and contracted during consolidation, signaling distribution rather than accumulation. For spot positioning, trend reversal confirmation is essential—only a sustained break and hold above 2,250 with strong volume would shift bias neutral-to-bullish. Immediate support lies near 1,900–1,880; loss of this zone could expose 1,750 again. Capital preservation and patience remain key in current structure.Not Finicial Advice. DYOR. #USNFPBlowout #ETH