$ETH is currently trading around 2,322 on the 4H timeframe, showing increasing short-term bearish pressure after failing to hold above the recent recovery zone near 2,420. Market Structure: Short-term recovery structure has weakened following consecutive bearish candles Price faced strong rejection from the 2,420 resistance region and continued drifting lower Current market behavior reflects a cooling phase after the previous rebound attempt Moving Averages (MA): Price is now trading below short-term momentum zones on the 4H structure MA alignment suggests weakening bullish momentum in the near term Recent candle expansion to the downside indicates sellers are regaining temporary control 🌧️ Volume: Trading volume remains relatively active during the pullback phase No major capitulation volume has appeared yet Market participation suggests controlled selling rather than panic-driven liquidation Key Levels: Immediate Support: 2,300 – 2,320 Strong Support: ~2,250 Resistance: 2,370 – 2,420 Potential Scenarios: 1. Holding above the 2,300 support zone may allow ETH to stabilize and attempt another rebound toward the 2,370 resistance region 2. A break below 2,300 could accelerate downside pressure toward the stronger support area near 2,250 3. Reclaiming 2,420 with stronger bullish momentum may restore the short-term recovery structure and reopen upside continuation potential Summary: ETH is currently undergoing a deeper short-term correction on the 4H timeframe after rejection from local resistance near 2,420. Momentum has shifted temporarily bearish, with sellers gaining control over recent sessions. The broader recovery structure remains technically intact for now, but maintaining support above the 2,300 region will be important to avoid further downside expansion.