$ETH is retesting a major supply zone, and this is where the next move could become interesting.
📉 Trading Plan — Short $ETH
Entry: 1,880
ETH has recovered strongly from the recent lows, but the current move is now running into a key resistance area between 1,889 and 1,928. This zone has the potential to attract fresh selling pressure, especially if buyers fail to secure a clean breakout above it.
At the moment, the rebound looks more like a test of supply rather than a confirmed trend reversal. Price is struggling to maintain strong momentum as it approaches the upper part of the zone, which suggests sellers may be waiting for another opportunity to enter.
The key level to watch is 1,928. If ETH repeatedly rejects this area and starts forming lower highs on the lower timeframes, the probability of a move back toward the downside targets increases.
The first important target is 1,840, where buyers could attempt to defend the price. If that level fails, the next liquidity area sits around 1,785, followed by 1,755. A deeper move toward these levels would become more likely if selling volume increases and the broader market remains weak.
On the other hand, this short setup becomes invalid if ETH breaks above 1,980 and holds there with strong buying volume. That would indicate that sellers have lost control of the supply zone and the bearish setup needs to be reconsidered.
For now, the idea is simple: watch the 1,889–1,928 supply zone for rejection rather than chasing the move. Patience and confirmation are more important than entering too early.
Risk management is key. Keep position size controlled and never risk more than you can afford to lose.
#ETH #Ethereum #CryptoTrading #TradingPlan
📉 Trading Plan — Short $ETH
Entry: 1,880
ETH has recovered strongly from the recent lows, but the current move is now running into a key resistance area between 1,889 and 1,928. This zone has the potential to attract fresh selling pressure, especially if buyers fail to secure a clean breakout above it.
At the moment, the rebound looks more like a test of supply rather than a confirmed trend reversal. Price is struggling to maintain strong momentum as it approaches the upper part of the zone, which suggests sellers may be waiting for another opportunity to enter.
The key level to watch is 1,928. If ETH repeatedly rejects this area and starts forming lower highs on the lower timeframes, the probability of a move back toward the downside targets increases.
The first important target is 1,840, where buyers could attempt to defend the price. If that level fails, the next liquidity area sits around 1,785, followed by 1,755. A deeper move toward these levels would become more likely if selling volume increases and the broader market remains weak.
On the other hand, this short setup becomes invalid if ETH breaks above 1,980 and holds there with strong buying volume. That would indicate that sellers have lost control of the supply zone and the bearish setup needs to be reconsidered.
For now, the idea is simple: watch the 1,889–1,928 supply zone for rejection rather than chasing the move. Patience and confirmation are more important than entering too early.
Risk management is key. Keep position size controlled and never risk more than you can afford to lose.
#ETH #Ethereum #CryptoTrading #TradingPlan