$ETH Spike to $2,106 — Short-Term Exhaustion?
Ethereum just surged 7%, tagging the $2,106 level. However, RSI is now overheated and price is stretched significantly above short-term moving averages — a potential signal of short-term exhaustion.
I’m looking to fade the spike.
📉 SHORT
$ETH Setup
Entry: $2,085 – $2,105
Stop-Loss: $2,180
Targets:
🎯 $2,050
🎯 $2,010
🎯 $1,960
RSI(7) at 74 suggests overbought conditions, while price remains extended above the MA7 (~$2,050). Initial liquidity sits near $2,053 (23.6% Fib), with a deeper pullback toward $2,010–$1,990 possible if momentum cools.
Risk is kept under 7%, offering a solid risk-to-reward profile, especially for higher leverage traders (x10–20).
#ETH #FutureTradingSignals