ETH Lost the Accumulation – This Breakdown Shifts the BearishEthereum / US DollarCOINBASE:ETHUSDXauMasterNetworkHello Traders....On the H1 timeframe, Ethereum has just delivered a critical structural signal by breaking decisively below the prior accumulation zone, confirming that the range was not continuation but distribution. The sharp impulsive sell off from the upper boundary of the range is not random volatility it reflects a clear rejection from value and a transition into a bearish phase. For an extended period, ETH was compressing inside the 3,260–3,400 region, where price respected the EMA and rotated cleanly. However, the most important detail is how the breakdown occurred. Price did not drift lower gradually; instead, it collapsed impulsively through the range low and the EMA 98, signaling that buyers were no longer defending value. This type of move typically marks the start of a markdown cycle, not a temporary stop run. After the breakdown, ETH is now attempting to stabilize around the 3,210 area, but this should be viewed as a weak corrective pause, not a base. Former range support has flipped into resistance, and price is struggling to reclaim it. This behavior is consistent with bearish market structure, where rebounds are sold and upside follow-through remains limited. The next key area of interest lies at the 3,150–3,160 support zone, which represents the first meaningful demand below the range. If price continues to fail below 3,220, a rotation toward this zone becomes the higher-probability scenario. Any shallow bounce into the 3,240–3,260 region would likely serve as liquidity for sellers, rather than a signal of renewed strength. From a cycle perspective, ETH has transitioned from accumulation → distribution → markdown. Until price can reclaim the broken range low and hold above it with acceptance, the path of least resistance remains to the downside. Buyers had their opportunity inside the range the market has now made its decision. In summary, Ethereum is no longer consolidating it has resolved lower. As long as price remains below the former accumulation zone, bearish continuation toward deeper support levels remains the dominant technical scenario, and rallies should be treated with caution rather than optimism.