đ» $ETH Down 2% as Lower Highs Stack Up â Sellers Still Have the Upper Hand!
Ethereum is showing bearish momentum, with consecutive lower highs and lower lows keeping selling pressure firmly in focus.
My Market Outlook:
- My bias remains bearish as 1H and daily structures align to the downside, with BTC also showing bearish momentum.
- The weekly trend is still bullish, making this a counter-trend correction within the broader uptrend. I want confirmation before entering any short position.
- First downside target sits at $2,244.48, followed by the $2,236 liquidity edge and $2,223 demand zone. If sellers maintain control, $2,206.36 becomes the next target.
Short Entry Strategy:
- Primary entry zone: $2,278â$2,292
- Extended rejection zone: $2,307â$2,317.59
- I will wait for a lower-timeframe market structure shift, bearish engulfing candle, or strong pin-bar rejection before entering.
- Low volume at just 0.31x makes confirmation even more important. No chasing.
Take-Profit Targets:
1. $2,244.48
2. $2,223.11
3. $2,206.36
Risk Management: Protection goes beyond the structure flip or latest swing high. A confirmed close above $2,317.59 invalidates my bearish outlook and shifts my bias bullish.
On-Chain & Market Flow Snapshot:
- Open Interest: $5.28B (-3.8% in 24H)
- Funding Rate: +0.0100%
- Taker Buy/Sell Ratio: 0.84x
- Whale Activity: Approximately $695K sell order in the last 3 minutes.
Taker flow and the latest large sell print support the bearish scenario, but confirmation at resistance remains essential.
My Strategy: Trade the rejection, respect the structure, and never chase the move.
CHIL-WITH-CRYPTO
#ETH #Ethereum #CryptoTrading #BinanceSquare #BinanceWithdrawalScamWarning $ETH
Ethereum is showing bearish momentum, with consecutive lower highs and lower lows keeping selling pressure firmly in focus.
My Market Outlook:
- My bias remains bearish as 1H and daily structures align to the downside, with BTC also showing bearish momentum.
- The weekly trend is still bullish, making this a counter-trend correction within the broader uptrend. I want confirmation before entering any short position.
- First downside target sits at $2,244.48, followed by the $2,236 liquidity edge and $2,223 demand zone. If sellers maintain control, $2,206.36 becomes the next target.
Short Entry Strategy:
- Primary entry zone: $2,278â$2,292
- Extended rejection zone: $2,307â$2,317.59
- I will wait for a lower-timeframe market structure shift, bearish engulfing candle, or strong pin-bar rejection before entering.
- Low volume at just 0.31x makes confirmation even more important. No chasing.
Take-Profit Targets:
1. $2,244.48
2. $2,223.11
3. $2,206.36
Risk Management: Protection goes beyond the structure flip or latest swing high. A confirmed close above $2,317.59 invalidates my bearish outlook and shifts my bias bullish.
On-Chain & Market Flow Snapshot:
- Open Interest: $5.28B (-3.8% in 24H)
- Funding Rate: +0.0100%
- Taker Buy/Sell Ratio: 0.84x
- Whale Activity: Approximately $695K sell order in the last 3 minutes.
Taker flow and the latest large sell print support the bearish scenario, but confirmation at resistance remains essential.
My Strategy: Trade the rejection, respect the structure, and never chase the move.
CHIL-WITH-CRYPTO
#ETH #Ethereum #CryptoTrading #BinanceSquare #BinanceWithdrawalScamWarning $ETH