ETH Trade Setup: Watching the 2105 Zone for a Potential Short
At the moment, Ethereum (ETH) is trading around the $2060โ$2075 area. The price structure suggests that a key level to watch is the $2105 resistance zone.
If ETH pushes upward and reaches the $2105 area, it could present a potential short opportunity based on recent market behavior.
Trade Idea:
โข Entry: Around 2095-2100
โข Position: Short
โข Stop Loss: 2140
โข Reason: Previous resistance area and potential liquidity zone
The idea behind this setup is that the 2100โ2105 zone may act as a rejection level where sellers could step back into the market.
However, if price breaks above
$ETH 2140, the setup becomes invalid and the market could continue moving higher.
As always, wait for confirmation and proper risk management before entering any trade.
Key Levels to Watch:
โข Resistance: 2105
โข Invalidation (SL): 2140
NB:This is not a financial advice
Trade safe and manage risk.
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