$ETH pushing into short-term weakness after failing to sustain above 2,000 and I’m seeing a clear lower high structure forming on the 1H timeframe.
Price tapped 2,038 and since then every bounce has been weaker. We now have consistent lower highs and the recent impulse candle broke down into 1,911 liquidity. The bounce from 1,911 is reactive, not aggressive. That tells me sellers still control structure unless proven otherwise.
I’m approaching this as a continuation setup.
Market Read
I’m seeing distribution below 2,000.
Lower highs around 1,975–1,985 zone.
Strong impulsive candle into 1,911 s