Maintain the existing short. The broader structure remains bearish, while the latest candles show overlap and limited directional progress below the 2538 resistance area rather than acceptance higher. The newest candle closed lower at 2508.46 after a rebound to 2516.45, preserving the short bias, though acceptance below 2489 is still needed for stronger continuation. Existing protection above 2565 remains beyond the recent recovery structure, with the objective near 2475.

Hold the short: H4 recovery remains capped below 2538-2565, and the latest candle turned lower, though a break below 2489 is still needed for stronger continuation.

The broader structure remains bearish, with major downside expansion and lower trading areas established after repeated failures near 2700. The latest sequence rebounded from 2409 but is overlapping between 2489 and 2538, showing balance and limited upward progress rather than acceptance above 2545. The short thesis remains intact while price stays below 2545-2565, with 2475 and 2443-2430 still relevant downside objectives. Maintain the existing protection and objective.

Hold the short: the rebound remains overlapping below 2545 resistance, while the broader H4 downtrend still favors a return toward 2475.

Maintain the long. The recovery from 2406 established higher prices above 2520, and the newest H4 candle recovered from 2514.06 to close at 2530.40. Two bearish candles after rejection near 2580 weaken momentum, but no H4 close below 2520 has established a reversal. Existing protection below 2474 preserves room for normal H4 movement, while 2601 remains within the prior 2600-2616 breakdown objective.

Hold long while H4 closes preserve 2520; rejection near 2580 weakens momentum but has not yet confirmed recovery failure.

The broader structure remains bearish after the decline from the 2700 area to 2406, but the newest sequence has formed a sustained recovery with acceptance above 2520. The latest bearish H4 candle rejected 2565-2580 and closed at 2546.21, indicating breakout hesitation rather than a confirmed reversal. Because price remains above the 2520 acceptance area and the existing stop is below the recovery structure, maintain the long toward the 2600-2616 objective zone.

Hold the long: 2565-2580 was rejected, but the H4 recovery remains accepted above 2520 and still supports a test of 2600-2616.

The broader H4 state remains bearish after the decline from the 2700 area to 2406, but price has built a recovery from that low and broken above the recent 2499-2519 balance. The latest closes at 2535.73, 2536.64 and 2536.94 show continued acceptance above 2520 despite overlap and rejection near 2555. This is momentum loss rather than a confirmed bearish reversal. Maintain the long while 2520 and the broader 2499-2474 support zone hold; the existing 2589.38 objective remains meaningful beyond 2555 resistance.

Hold the long: ETH remains accepted above 2520 after its breakout, while the 2555 rejection shows slowing momentum but not a confirmed reversal.

The broader structure remains damaged after the decline from the 2700 area, but the newest sequence shows a sustained recovery from 2406, higher lows, and acceptance above 2520. The latest candle's upper wick at 2555 signals slowing momentum, not a confirmed bearish reversal, so the long remains aligned toward 2578-2616.

Hold the long: acceptance above 2520 remains intact despite a 2555 rejection wick, leaving the 2578-2616 recovery objective viable.

The broader H4 structure remains bearish, with successive breakdowns from the 2690 area through 2611 and 2537 before reaching 2406. The rebound has recovered toward 2520 but has not established acceptance above that resistance zone. Recent candles overlap around 2499-2514, and repeated upward progress has faded beneath 2519.51, classifying the move as a corrective return toward balance rather than a confirmed reversal. Maintain the short while 2520-2538 contains closed-candle acceptance; the existing 2436.06 objective remains aligned with a renewed test of the lower range.

Hold the ETHUSD short: the rebound is stalling below 2520-2538 resistance while the broader H4 breakdown and 2436 objective remain intact.

Maintain the existing short. The broader sequence remains bearish, while the rebound from 2406 reached 2519 but failed to establish acceptance above 2520. The latest candles show fading upside progress and renewed overlap near 2500. The 2436 objective remains structurally relevant, and the 2672.06 stop remains beyond the major breakdown area.

Hold the short: the rebound remains capped below 2520, upside momentum has faded, and the broader H4 decline still supports a return toward 2436.

The broader H4 structure remains bearish, with lower levels established after the decisive breakdown from 2697 through 2611 and 2538. The recovery from 2406 reached 2519 but failed to gain acceptance above the 2520-2538 resistance area. Two newest bearish closes returned price to 2499, indicating rejection and renewed pressure rather than a confirmed reversal. Maintain the short toward 2436 while retaining the existing structurally wide protection; positive media narratives have not produced bullish H4 acceptance.

Hold the short: the rebound failed below 2520-2538 and the latest H4 candles turned lower, keeping 2436 in view.

Maintain the existing short. The broader H4 structure remains bearish, with major downside expansion and price still well below the broken 2538-2578 region. The corrective rebound produced diminishing progress and failed to close above 2520; the newest candle turned lower from 2519.51. This supports rejection rather than acceptance in a higher area. Keep the structurally wide existing stop above 2672 and the 2436 objective near the lower rebound zone.

Hold short: the rebound stalled below 2520-2538 resistance, and the latest H4 candle rejected 2519 while the broader bearish structure remains intact.

The broader H4 structure remains bearish, with lower structural levels established after failed support near 2668-2672 and the sharp decline to 2406. The rebound has recovered above 2500, but price remains below the 2520-2538 rejection area. The newest candle made only marginal progress and closed below 2520 after testing 2519.51, indicating deceleration at resistance rather than confirmed bullish acceptance. Maintain the short toward 2436 while retaining the existing structural stop above the broader breakdown area.

Hold the short: ETH is rebounding into 2520-2538 resistance, but the latest H4 candle stalled below 2520 without confirming bullish acceptance.

Maintain the short. The broader structure is bearish, with successive breakdowns from the 2700 area into 2406-2430. Recent candles show a corrective rebound, but progress has been comparatively overlapping and price remains below the important 2520-2538 rejection/breakdown area. The latest push to 2512 tests that resistance rather than confirming a reversal. Positive adoption narratives are secondary and have not yet produced H4 acceptance above resistance. Keep the existing protection and 2436 objective unchanged while watching for acceptance above 2538 as the first meaningful challenge to the thesis.

Hold the short while ETH remains below 2520-2538; the rebound is testing resistance within a broader H4 downtrend.

Maintain the short. The broader H4 structure is bearish, with lower highs and forceful downside acceptance beneath former support at 2538-2600. The rebound from 2406 reached 2520 but failed to sustain progress; subsequent candles retreated to 2474 and the latest small, overlapping gains near 2495 show balance rather than reversal. Price remains below the 2520-2538 invalidation area, while 2436 and 2406-2430 remain meaningful objectives. Existing protection above 2672 allows structural room, and the current take-profit at 2436 matches the first downside objective. Positive adoption narratives have not produced bullish price confirmation.

Hold the ETHUSD short while price remains below 2520-2538; the rebound is stalling and 2436 remains the active downside objective.

Maintain the existing short. Broader H4 structure remains bearish, with successive breakdowns through 2610 and 2538 followed by only a corrective rebound. The newest candles are small and overlapping below 2520, showing weak upward progress. The short thesis remains valid while H4 acceptance stays below 2520-2538; 2436 and 2406-2430 remain downside objectives. Positive crypto narratives have not produced a structural bullish reversal.

Hold the short: the rebound remains capped below 2520-2538, while weak overlapping candles preserve the bearish H4 structure and 2436 objective.

Maintain the existing short. The broader H4 structure shows forceful lower lows and acceptance beneath former support at 2538-2570. The rebound from 2406 reached 2520 but failed to sustain progress; subsequent closes fell to 2477 before only a small, overlapping recovery to 2491. This is momentum loss in the rebound rather than a directional reversal. Price remains below the 2520-2538 invalidation area, while 2436 and 2406-2430 remain viable downside objectives. Positive adoption narratives have not overcome the bearish price response.

Hold the short while ETH remains below 2520-2538; the rebound has stalled and 2436 remains the active downside objective.

The broader H4 structure is bearish, with strong downside expansion through former support and lower acceptance below 2538. The recovery from 2406 reached only 2520.54 before sellers restored progress to 2477.54. The newest candle bounced modestly to 2487.70 but did not reclaim 2500-2521, so it is momentum loss within bearish continuation rather than an established reversal. Maintain the short with its existing protection and 2436 objective.

Hold the short: the rebound failed below 2521, bearish H4 structure persists, and the latest small bounce has not established a reversal.

The broader H4 structure is bearish after successive breakdowns from the 2700 area through 2600 and 2538. The corrective rebound from 2406 reached 2520 but failed to gain acceptance above it; the latest sequence closed lower at 2489.03 and 2477.54. This confirms renewed downside pressure while the existing short remains profitable and aligned with the prevailing structure. Maintain the current protection and objective, with 2436 positioned ahead of the major 2406 swing low.

Hold the short: the rebound failed below 2520 and consecutive bearish H4 closes restored downside pressure toward 2436.

The broader H4 structure is bearish, with successive downside expansions and acceptance below former support at 2538. The corrective recovery from 2406 reached 2520.54 but failed to establish acceptance above 2520-2538; the newest closed candle reversed from 2506.61 to 2489.03. This rejection keeps the short aligned toward the 2430-2406 support area. Existing protection above 2600-2616 leaves room for normal H4 volatility and remains structurally valid. Positive adoption narratives are secondary because price has not confirmed a bullish reversal.

Hold short: the rebound rejected 2520 and remains below broken 2538 resistance, keeping the H4 bearish structure and 2436 objective intact.

The broader structure is bearish after sustained expansion from 2700 through 2600 and 2538 to 2406. Recent bullish candles show a corrective rebound, but progress is slowing near 2500-2520 and remains below 2528-2538 resistance. Maintain the short while that resistance is not accepted; the existing stop above 2668 protects against structural recovery and the target retests the 2430 support area. Positive adoption commentary is secondary and has not produced an H4 reversal.

Hold the short: the rebound remains below 2528-2538 resistance within the dominant H4 downtrend, with 2430 still the downside objective.

Maintain the short. The broader H4 structure shifted bearish through a high-momentum break below 2668-2672, followed by acceptance below 2600 and further downside to 2552.26. The newest candle closed at 2570.73 after only limited recovery from its low, so bearish continuation remains stronger than reversal despite some deceleration near 2565. Positive regulatory and adoption commentary is not confirmed by price. Existing protection remains beyond the broken structural area, while the take-profit near 2541.75 remains a relevant downside objective.

Hold the short: ETH remains accepted below 2600 after a forceful H4 breakdown, and the latest sequence has not established a bullish reversal.

The broader H4 structure shifted bearish when a large candle broke and closed well below the repeatedly traded 2668-2672 floor, reaching 2591.71. The newest candle recovered only to 2616.32 with a small body and remained inside the breakdown candle, showing limited countertrend progress and no acceptance back above broken support. Positive regulatory and adoption commentary is secondary and has not produced a bullish price response. Maintain the short toward 2570.105 while retaining the 2711.605 stop beyond the former balance and breakdown zone.

Hold short: the 2668-2672 floor failed decisively, while the small rebound to 2616 shows pause rather than a confirmed reversal.

Maintain the existing short. Price rejected the 2725-2739 resistance area and then produced bearish H4 progress through 2707 toward 2690. The newest candle is only a small rebound with limited range, not a confirmed reversal. The short premise remains valid below 2725, with 2668-2672 still the relevant objective; the existing stop remains outside the recent resistance structure.

Hold short: the bounce from 2690 is weak, while rejection below 2725 and the 2668-2672 objective keep the bearish H4 premise intact.

Broader H4 structure is a range after failed expansions above 2740-2777 and below 2650-2668. Recent candles repeatedly recovered from 2690-2695, while the newest candle rejected 2725 and closed at 2702.04, showing balance rather than an established bearish reversal. Maintain the long while 2668 support and the 2660.99 protective stop remain intact; 2724-2730 is the immediate objective and acceptance above it would improve continuation odds. Media context is mixed but modestly supportive through institutional adoption and relative-strength themes, so price action remains decisive.

Hold the long: rejection near 2725 limits momentum, but repeated recovery above 2690 and intact 2668 support have not established a bearish reversal.

The broader H4 state is a range after the failed expansion from 2746-2777 and recovery from 2651-2668. Recent price held above 2690 and produced consecutive bullish closes at 2707.69 and 2714.09, showing renewed upward progress rather than confirmed rejection. The long thesis remains valid, with 2724-2739 the immediate objective zone. Existing protection below 2668 preserves the structural premise, and the current take profit sits inside the first resistance band. Media context is mixed but modestly supportive through reported crypto adoption and Ethereum demand themes; price action remains primary.

Hold the ETHUSD long as consecutive bullish H4 closes preserve upside pressure toward 2724-2739 while structural support at 2668 remains intact.

Broader H4 trade remains a range after the failed expansion from 2777.33 and rejection near 2650.88. Recent candles show overlap and limited progress, but the latest candle recovered from 2690.40 to 2707.69 and price remains above the key 2668 support zone. This preserves the long premise, while resistance at 2724-2739 limits conviction. Keep the existing structurally placed stop and objective unchanged.

Hold the long while ETH remains above 2668; the latest H4 recovery preserves the thesis, though 2724-2739 resistance still limits momentum.

Broader H4 structure is balanced between roughly 2650 and 2777. Recent price rejected 2679.63 and recovered, while the newest candle shows momentum loss and rejection below 2724 rather than a confirmed bearish break. The long remains supported above 2668, with the existing stop beyond that support and the take-profit near the 2730 range boundary.

Hold the long while ETH remains above 2668; recovery has slowed below 2724, but no confirmed bearish structural break has occurred.

The broader H4 structure is balanced, with support repeatedly established around 2650-2668 and resistance near 2739, then 2762-2777. The recovery produced higher closes and a breakout attempt above 2722. The newest candles overlap around 2716-2726, showing momentum loss and breakout testing rather than a confirmed bearish reversal. The latest close at 2718.39 remains above 2712 and well above structural invalidation near 2650. Maintain the long with the existing stop and objective; do not tighten protection inside ordinary H4 movement.

Hold long: ETH is testing 2712-2722 support after its breakout, with slowing momentum but no decisive bearish reversal or structural invalidation.

The broader structure is balanced but improving after recovery from the 2650 area. Recent candles advanced through 2712-2722, and the newest closed candle recovered from 2694.88 to 2726.49, showing rejection of lower prices rather than failed acceptance. Price remains below 2739 resistance, so momentum is not fully confirmed, but the existing long still follows the stronger bias. Keep the structurally broad stop and the objective near the lower edge of the 2762-2777 resistance zone.

Hold long: ETH rejected sub-2700 prices and reclaimed 2712-2722, preserving the breakout thesis toward 2762-2777.

Maintain the long. The prior H4 expansion closed above the 2712-2722 resistance area, and the newest candle's pullback held that zone with a 2713.73 low and 2716.16 close. Rejection from 2738 shows slowing momentum, but it has not established a bearish return into the prior balance. The existing stop remains beyond the 2650 structural invalidation area, while the take-profit targets the lower edge of the 2762-2777 resistance zone. Secondary crypto insights are mixed but modestly supportive and do not override price action.

Hold long while ETH remains above 2712; the pullback tested rather than invalidated the breakout, leaving 2762-2777 as the objective zone.

Maintain the short. The broader H4 structure is balanced but the latest decisive move was a failed expansion above 2746 followed by a sharp decline to 2651-2668. The subsequent rebound has produced smaller, overlapping candles and limited progress near 2700-2708, indicating momentum loss below the 2712-2722 invalidation area. Existing protection above 2777 and the 2623 objective remain structurally appropriate.

Hold the short while the rebound stalls below 2712-2722; a sustained H4 break above that area would invalidate the bearish premise.

The broader H4 structure is balanced between roughly 2650 and 2750, with repeated rejection above 2738 and a failed expansion toward 2777. The sharp decline to 2668 established near-term bearish pressure. Subsequent candles recovered gradually, but their smaller bodies and the latest overlapping closes near 2700 show deceleration rather than bullish acceptance. Price remains below the 2712-2722 invalidation threshold identified for the short. Maintain the position with its existing structurally wide protection; renewed trade below 2668 would confirm continuation toward 2650 and 2623, while H4 acceptance above 2722 would invalidate the premise.

Hold the short: the rebound is stalling below 2712-2722 resistance, while the failed 2746-2777 expansion keeps downside risk toward 2668, 2650 and 2623 active.

The broader H4 structure is balanced with repeated rejection around 2738-2777 and support around 2635-2668. After the sharp decline from 2746.63 to 2668.04, price formed a slow, overlapping rebound. The latest sequence advanced to 2707.99 but closed at 2699.99, below the 2712-2722 invalidation zone, showing deceleration rather than confirmed bullish acceptance. Maintain the short toward 2623.09 while the existing 2778.09 stop remains beyond the major rejection high.

Hold the short: the rebound stalled below 2712-2722, leaving the 2746-2777 rejection and downside objective intact.

The broader H4 structure is balanced-to-bearish following rejection from 2748-2777 and a forceful decline to 2651. Recent candles show an orderly rebound with improving bullish bodies through 2697, but the latest close at 2705.56 remains below the key 2712-2722 resistance and acceptance area. Maintain the short while that zone contains closes; the existing 2778.09 stop sits beyond the failed-expansion high, and 2623.09 remains a meaningful downside objective. Acceptance above 2722 would materially weaken the premise, while a break above 2777-2778 would invalidate it.

Hold the short below 2712-2722; the rebound is strengthening, but bullish acceptance has not yet overturned the failed 2748-2777 expansion.

The failed push through 2748-2777 produced strong bearish displacement into 2650-2668. Since then, six small, overlapping H4 candles have recovered toward 2694.44, showing downside momentum loss but not an established bullish reversal. Price remains below the 2697-2712 prior acceptance and rejection area, preserving the short premise. Keep the existing structurally wide stop above 2777 and the objective near 2623; reverse only after sustained H4 acceptance above 2712-2722.

Hold the short while ETH remains below 2697-2712; the rebound is overlapping and has not reversed the failed 2748-2777 breakout structure.

Broader H4 structure is balanced-to-bearish below the September 2776-2807 swing area. The October 2 rally failed near 2777 and reversed through 2697 to 2668 with strong bearish bodies. Subsequent candles overlap tightly between roughly 2672 and 2690, showing momentum loss and consolidation rather than a confirmed bullish reversal. Price remains below the 2697-2712 prior acceptance and breakdown area, preserving the short premise. The current stop above 2777 invalidates the failed-breakout thesis, while 2623 remains a meaningful downside objective beyond the 2650-2664 support zone. Media context is mixed and secondary; constructive adoption themes do not override the bearish price reaction.

Hold the short: the 2748-2777 breakout failed, and the weak rebound remains below 2697-2712 resistance despite near-term consolidation.

Maintain the existing short. The broader H4 structure rejected the 2748-2777 area and produced strong bearish displacement into 2650. The newest sequence is a low-range, overlapping rebound capped near 2690, showing balance and weak upside progress rather than acceptance above 2697-2712. The short remains structurally valid, with 2623 as the objective and 2778.09 beyond the failed-expansion zone as protection. Secondary crypto insights are mixed and do not override price action.

Hold the short: the rebound is overlapping and remains below 2697-2712 after the forceful rejection from 2748-2777.

Maintain the short. The failed breakout above 2748-2777 produced strong bearish displacement through 2697, while the rebound from 2650 has formed small, overlapping H4 candles with little upward progress below 2697-2712. This is momentum loss rather than confirmed reversal. Keep the existing structural stop beyond 2777 and the 2623 objective below the 2650 support area.

Hold short: the rebound is stalling below 2697-2712 after a failed 2748-2777 expansion, leaving the bearish displacement intact.

Maintain the short. The sharp reversal from 2769.68 produced sustained bearish progress through 2697 and 2668, confirming rejection of the 2748-2777 expansion. The latest rebound from 2650.88 has small, overlapping bodies and remains below 2697-2712, indicating momentum pause rather than reversal. The 2650-2664 support area may delay continuation, but the short premise remains valid while H4 acceptance below 2697 persists. Existing protection above 2777 and the 2623 objective remain structurally appropriate under the binding risk balance.

Hold short: the 2748-2777 breakout failed, bearish displacement dominates, and the weak rebound remains below 2697 resistance.

Broader H4 structure is balanced between roughly 2650 and 2777, with repeated resistance around 2738-2777. The newest sequence broke above the upper area, failed sharply, and expanded down through 2697 to 2668. Subsequent candles show only a weak, overlapping rebound near 2682 rather than bullish acceptance. Maintain the short toward 2623 while below 2697-2722; the existing 2778.09 stop remains beyond the failed-breakout high and is not inside ordinary H4 movement.

Hold the short: the 2777 breakout failed decisively, and the weak rebound near 2682 has not regained 2697-2722 or established a bullish reversal.

Maintain the existing short. The October 2 rejection from 2746-2777 produced two strong bearish candles, broke back below 2712-2722, and reached 2650.88. The two newest candles show stabilization and a modest rebound to 2682.04, but their progress is insufficient to reverse the bearish sequence or recover broken structure. The 2642-2623 objective remains available, while recovery above 2712-2722 would materially weaken the thesis and 2777-2778 remains the structural invalidation area.

Hold the short: the rebound to 2682 is modest after rejection from 2777 and acceptance below 2712-2722; 2642-2623 remains the downside objective.

Maintain the short. The broader market is balanced below the 2807 swing high, but the newest sequence rejected 2777.33 and fell sharply through 2712-2722 to 2668.04. The latest small, overlapping candle indicates momentum loss near 2650-2664 support, yet it has not established a bullish rejection or recovered broken resistance. The 2642-2623 area remains a valid downside objective, and the existing 2778.09 stop sits beyond the failed breakout zone.

Hold the short: rejection from 2777 and acceptance below 2712-2722 keep 2642-2623 in play despite the latest pause near support.

The broader H4 state is a range after the reversal from 2807, with support near 2642-2666 and resistance near 2722-2739. Recent rallies have repeatedly failed to secure acceptance above resistance. The newest closed candle reversed from 2706.56 to 2682.69 after reaching 2711.60, restoring bearish pressure within the range. Maintain the short while 2722-2739 caps price; 2666 and 2642-2639 remain the downside objectives. Media context is mixed and secondary to price action.

Hold the short: the latest H4 candle rejected 2711.60 and closed at 2682.69, keeping 2722-2739 resistance intact and 2666/2639 in view.

The broader H4 structure remains below the 2807 swing high with repeated failures around 2722-2749 and support near 2642-2666. The newest candle rebounded strongly to 2706.56, showing short-term bullish pressure, but this is only an initial reclaim at the 2698-2707 boundary and not confirmed acceptance above resistance. Maintain the short while 2722-2738 caps price; the 2760.009 stop remains beyond the rejection structure and the 2639.109 target aligns with the lower support objective.

Hold the short: the rebound reached 2707, but acceptance above 2722-2738 is unconfirmed and the broader rejection structure remains intact.

The broader H4 structure has shifted from the 2807 peak into lower resistance around 2738-2749, while 2635-2642 remains an established downside area. Recent candles show heavy overlap and repeated failed expansions upward: the September 30 candle reached 2738.51 but closed at 2683.72, and the newest candle reached 2722.00 before closing at 2677.48. Price has not gained acceptance above the 2698-2707 invalidation trigger identified in memory. This supports maintaining the short, with the existing stop above the major rejection zone and take profit near structural support.

Hold the short: repeated H4 rejection from 2698-2722 and no acceptance above resistance keep 2639-2642 as the favored objective.

The broader H4 state is balanced after the failed expansion from 2749-2789, with repeated rejection near 2738-2749 and support around 2642-2666. The newest sequence rebounded from 2669.61 through two bullish closes to 2696.07, showing near-term recovery, but it has not closed above the 2698-2707 acceptance threshold. Maintain the short while that resistance holds; the existing 2760.009 stop covers structural invalidation above the rejection area, while 2639.109 targets the lower balance boundary. Mixed crypto insights do not override the still-unconfirmed price breakout.

Hold the short while ETH remains below 2698-2707; bullish recovery is testing resistance but has not confirmed acceptance above it.

The broader H4 recovery peaked near 2807 and has transitioned into a choppy corrective range with repeated rejection around 2738-2749. Recent candles failed to sustain rallies above 2698-2707, while the newest close at 2686 is only a rebound within that failed expansion. Maintain the short toward 2642-2635 unless H4 price establishes acceptance above 2707; the existing 2760 stop provides structural room above the major rejection area.

Hold the short: ETH remains below 2698-2707 after repeated 2738-2749 rejection, preserving the 2642-2635 downside objective.

Maintain the existing short. The recent rebound failed to gain acceptance above 2698-2707, with the 2738.51 rejection followed by two bearish closes to 2669.61. This confirms renewed movement toward the 2642-2635 support objective. The 2749-2760 failed-expansion zone remains the structural invalidation area. Media context is mixed and secondary, so current price rejection governs.

Hold short: rejection from 2738.51 and closes back below 2698-2707 keep 2642-2635 in play while 2749-2760 remains invalidation.

The broader H4 structure is balanced after the reversal from 2776, with repeated resistance across 2718-2749 and support near 2642-2666. The newest candle tested 2738.51 but sharply rejected and closed at 2683.72, below the 2698-2707 acceptance threshold. This failed upside attempt supports maintaining the short toward 2639-2642. Existing protection above the 2749-2760 failed-expansion area remains structurally appropriate.

Hold the short: ETH rejected 2738.51 and closed below 2698-2707, preserving the failed-upside thesis toward 2639-2642.