ETH/USD Bearish Structure with Downside Targets

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ETH/USD is showing clear bearish pressure after repeated failures to sustain above the highlighted supply zone around the 3,050–3,100 area. Price action indicates a lower high structure, followed by a strong rejection from the Ichimoku cloud, suggesting sellers remain in control. The cloud ahead is turning bearish, acting as dynamic pressure and limiting upside momentum. Recent rebounds appear corrective rather than impulsive, reinforcing the downside bias. If price continues to respect this resistance zone, further weakness is likely. The first downside objective is seen near 2,780, which aligns with a prior demand area. A decisive break below this level could accelerate selling pressure toward the second target at 2,524, marking a deeper move into lower support. Proper risk management is advised in volatile conditions.