ETHUSD: Breakdown or Oversold Bounce?Ethereum / US DollarCOINBASE:ETHUSDProfessorSingapore📊 ETHUSD: Breakdown or Oversold Bounce? ETHUSD failed near the $1,920-$1,931 resistance zone and sold off sharply toward $1,865-$1,870. The move came with a clear volume spike, which means this was not a random pullback. Sellers became aggressive once price lost the moving averages. Volume increased strongly during the breakdown, confirming bearish pressure. The current bounce has weaker volume, so buyers still need confirmation. Price is now below EMA9, EMA20, SMA50 and SMA200, which keeps the short-term structure bearish. RSI is around 31, close to oversold, so a relief bounce is possible. But MACD remains negative, meaning momentum has not fully recovered yet. 🎯 Trade Setup Bearish continuation: If ETH stays below $1,885-$1,900, sellers may push price back toward $1,865, then $1,850. Bounce setup: If ETH reclaims $1,900, price may retest $1,920-$1,931. Invalidation for shorts: A clean move above $1,931 would weaken the bearish setup . 💡 Key Takeaway ETHUSD broke down with strong sell volume, but RSI is now near oversold. The market may bounce, but buyers need to reclaim $1,900 first. Until then, the structure remains bearish below resistance. ⚠️ Not financial advice.