#ETH Possible Scenario ETH / Tether PERPETUAL FUTURESMEXC:ETHUSDT.PEtoYa777Overall Structure: The market is currently locked in a sideways / consolidation range. Recent Price Action: After a sharp drop on June 26, the price established a range between roughly 1,540.00 and 1,600.00. A recent peak near 1,595.00 failed to sustain, leading to choppy, mean-reverting price action. The Projected Path: The overlay arrow drawn on the chart outlines a bearish continuation/rejection scenario from the upper boundary of the immediate local range, targeting a drop toward the major support zone.