The Setup (SHORT $ETH):
• Entry Zone: $1,920 – $1,930
• Invalidation / Stop Loss: $1,948
• Target 🎯 1: $1,895
• Target 🎯 2: $1,870
• Target 🎯 3: $1,835
The Market Narrative:
Ethereum is struggling to sustain momentum following its sharp rally to local highs of $1,943. Repeated upper-wick rejections near the $1,930 resistance zone reveal growing buyer exhaustion as supply begins to overwhelm demand on short timeframes.
The Technical Breakdown:
On the 1-hour chart, $ETH has shifted into a lower-high market structure after failing to hold above $1,935. Aggressive sell wicks near $1,930 followed by impulsive red candles indicate distribution, showing that smart money is taking profits and capping upside progression.
If $ETH fails to hold the immediate local demand at $1,905–$1,910, a breakdown into lower liquidity pockets is highly likely. Maintaining a position under structural invalidation at $1,948 sets up a favorable risk-to-reward ratio, targeting the major support zone around $1,870 down to the macro floor at $1,835.
Do you think ETH loses $1,900 on this next push down, or will buyers step back in to reclaim $1,930? Drop your predictions below! 👇
#cryptotrading #Ethereum #TechnicalAnalysis @Binance Blog @Binance Square Official
Disclaimer: This is for educational purposes only and is not investment advice. Always do your own research and manage your risk.