One Premium Rejection Sends ETH Into $1,765Ethereum / TetherUSBINANCE:ETHUSDTMonoCoinSignalETH is trading at $1,795 on the 1h, still inside premium. The broader swing trend remains bullish, but short-term structure has weakened, so we are not looking for blind continuation here. 1. THE TECHNICAL REALITY 📉 • Price is in PREMIUM at $1,795, which favors mean reversion or rejection unless buyers reclaim control • Short-term structure has softened with a lower high already printed • Price is sitting under HMA55 at $1,799, keeping the immediate bias cautious 2. THE INDICATORS ⚖️ Bearish Signals: • MACD is bearish • Price is below HMA55 at $1,799 • Volume is far below average, so downside continuation needs confirmation Bullish Signals: • RSI at 59.3 is not stretched • Broader swing trend is still bullish • Deeper support remains below at $1,757 and the bullish OB zone The Conflict: The higher-timeframe swing trend still supports buyers, but short-term momentum is fading. That creates a market where rallies can still be sold unless price reclaims key levels cleanly. 3. THE TRADE SETUP 🎯 🔴 Scenario A: Bearish / Continuation • Trigger: Failure to hold above HMA55 and rejection near the upper Bollinger band at $1,815 • Entry: $1,798 to $1,815 • Target: $1,757, then the $1,765 bullish FVG fill • Stop: Above $1,815 🟢 Scenario B: Bullish / Reversal • Trigger: Clean reclaim of $1,762 and hold above it • Entry: Above $1,762 • Target: Higher continuation not specified in the source • Invalidation: Loss of $1,762 MY VERDICT The setup favors patience or selective shorts into strength. Confidence is moderate at 61%, with the cleanest read still being wait for confirmation rather than chase price. I'll update this idea if ETH rejects the $1,798-$1,815 zone or confirms acceptance above $1,815. Are you waiting for the reclaim, or expecting the FVG fill first? This is my trading plan and market read, not financial advice. Always do your own research and manage risk carefully.