$ETH spent Nov 9-10 pivoting around 2,110. Tuesday's hot CPI extended the break into a flush to 2,006. That pivot is now overhead.
Trend: Bearish (4H)
🎯 Entry short: 2,100 – 2,120 (only after a red 1H close in the zone; cancel before PPI, Nov 13, 13:30 UTC)
✅ TP1: 2,015
✅ TP2: 1,965
✅ TP3: 1,840 (if 1,957 breaks)
🛑 SL: 2,185
📊 Logic:
• Core CPI 0.3% MoM vs 0.2% est. Polymarket/FedWatch: ~85-90% odds of a Fed hike on Dec 9.
• Spot $ETH ETFs lost ~$380M over 4 straight outflow days through Nov 10 (Farside, SoSoValue).
• The falling 4H EMA20 (~2,117) sits in the zone. SL clears the Nov 9 high (2,160) and 1D resistance (2,174).
• Risk: 1D RSI ~30 is oversold, and 1,957 is 1D support (4 touches) just under TP2. Size small.
⚠️ Invalidation: hard stop at 2,185. If price revisits 2,015 before a fill, skip.
ETH back at 2,110: FADE or BUY? Drop one word 👇
#ETH #Fed #Macro $ETH
Disclaimer: Personal view, not financial advice. DYOR.
Trend: Bearish (4H)
🎯 Entry short: 2,100 – 2,120 (only after a red 1H close in the zone; cancel before PPI, Nov 13, 13:30 UTC)
✅ TP1: 2,015
✅ TP2: 1,965
✅ TP3: 1,840 (if 1,957 breaks)
🛑 SL: 2,185
📊 Logic:
• Core CPI 0.3% MoM vs 0.2% est. Polymarket/FedWatch: ~85-90% odds of a Fed hike on Dec 9.
• Spot $ETH ETFs lost ~$380M over 4 straight outflow days through Nov 10 (Farside, SoSoValue).
• The falling 4H EMA20 (~2,117) sits in the zone. SL clears the Nov 9 high (2,160) and 1D resistance (2,174).
• Risk: 1D RSI ~30 is oversold, and 1,957 is 1D support (4 touches) just under TP2. Size small.
⚠️ Invalidation: hard stop at 2,185. If price revisits 2,015 before a fill, skip.
ETH back at 2,110: FADE or BUY? Drop one word 👇
#ETH #Fed #Macro $ETH
Disclaimer: Personal view, not financial advice. DYOR.
