$ETH | SHORT IDEA
Ethereum's problem is not simply today's price movement. Its recent weekly performance has also been weak, so a small intraday bounce is not enough to confirm a trend reversal.
I am watching the $2,320 area as a potential trigger zone.
Execution plan
- Direction: SHORT
- Entry: $2,310–$2,320 after a confirmed breakdown and failed retest
- Stop-loss: $2,375
- Target 1: $2,270
- Target 2: $2,230
What would change my mind?
A sustained recovery above $2,375 would weaken the bearish thesis.
I don't want to short ETH just because the market looks red. I want to see sellers defend resistance and buyers fail to reclaim support.
#Ethereum #EthereumNews #TradingSetup #crypto
Ethereum's problem is not simply today's price movement. Its recent weekly performance has also been weak, so a small intraday bounce is not enough to confirm a trend reversal.
I am watching the $2,320 area as a potential trigger zone.
Execution plan
- Direction: SHORT
- Entry: $2,310–$2,320 after a confirmed breakdown and failed retest
- Stop-loss: $2,375
- Target 1: $2,270
- Target 2: $2,230
What would change my mind?
A sustained recovery above $2,375 would weaken the bearish thesis.
I don't want to short ETH just because the market looks red. I want to see sellers defend resistance and buyers fail to reclaim support.
#Ethereum #EthereumNews #TradingSetup #crypto