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$ETH is still trading under strong bearish pressure on the 4H timeframe after failing to hold above the 2340 resistance zone.
The market structure remains weak with sellers controlling most of the recent momentum.
EP
2280 - 2295
TP
TP1 2250
TP2 2215
TP3 2180
SL
2335
Price bounced slightly from the 2256 support area, but recovery strength still looks weak with lower highs continuing to form.
If ETH loses the 2250 support zone again, another strong downside move toward lower liquidity levels could happen fast.
Bears still have control unless buyers reclaim the 2340 area with strong volume and momentum.
$ETH
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