$ETH keeps dropping and hits ~$2,042.
Just like BTC, my bias for Ethereum remains bearish until I see a bullish shift in market structure on at least the H4.
Price is basically grinding down, looking to find a temporary bottom for a relief bounce.
So for trades the rest of the week, we wait on retests higher in price for potential shorts after confirmation, or longs after high-probability reversals.
I never try to time/guess the bottom, since that's impossible. Instead, I let price to the talking through structure.
For shorts, I want to mitigate a liquidity pool and short the MSB after. Interesting sweeps to watch for this are above ~$2,197 and ~$2,295.
My target for both of the short scenario's are new weekly lows.
I'm only willing to long within this range if we get a full H4 reclaim of the ~$2,345 high.
If we print new weekly lows, it's simply waiting on a high-probability H4/D1 reversal for longs, or bearish retests for shorts again.
Just trading the trend until invalidated is what I do here.
Trade $ETH here👇
