$ETH breaking down under heavy bearish
Short $ETH
Entry: 2,595 – 2,635
SL: 2,705
TP1: 2,575
TP2: 2,555
TP3: 2,525
TP4: 2,475
Why:
$ETH has broken sharply below MA7 (2,660), MA25 (2,690) and MA99 (2,695), flipping the short-term structure bearish. Price is now sitting just above the 2,587–2,595 support zone, so a clean breakdown here could accelerate the move lower. Volume increased during the sell-off, while OI is around 2.42M, meaning leveraged positioning remains significant. If 2,587 breaks decisively, ETH could move toward 2,510 and potentially 2,440.
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Short $ETH
Entry: 2,595 – 2,635
SL: 2,705
TP1: 2,575
TP2: 2,555
TP3: 2,525
TP4: 2,475
Why:
$ETH has broken sharply below MA7 (2,660), MA25 (2,690) and MA99 (2,695), flipping the short-term structure bearish. Price is now sitting just above the 2,587–2,595 support zone, so a clean breakdown here could accelerate the move lower. Volume increased during the sell-off, while OI is around 2.42M, meaning leveraged positioning remains significant. If 2,587 breaks decisively, ETH could move toward 2,510 and potentially 2,440.
📩DM ME ON X TO KNOW HOW TO JOIN MY PREMIUM FOR HIGHLY PROFITABLE TRADE SETUPS LIKE THIS
#Macro Insights# #Altcoin Season#