#Ethereum #ETH🔥🔥🔥🔥🔥🔥 #ETH #crypto #short
ETH/USDT: Suffocating barrier at $2,500 and deeper correction 📉
The current price of Ethereum is trading around $2,417. The chart has formed a clear bearish divergence: ETH is noticeably lagging behind the market’s impulse up move, hitting a hard resistance and creating a cascade of lower highs.
Why we expect a drop:
Weakness of the bulls: Failure to hold above the psychological zone of $2,500–$2,520 indicates buyer demand has been exhausted.
Loss of key supports: A break of the $2,450 level opened the way to liquidity being pulled from the lower shelves.
Downward magnet: The main block of buyers is significantly lower—around $2,250–$2,300.
An elegant trading plan
Scenario 1: “Trend-break breakout”
Entry: $2,410 – $2,425
SL: $2,475
TP1: $2,340
TP2: $2,260
Scenario 2: “False breakout and short from resistance”
Entry: $2,480 – $2,510
SL: $2,545
TP1: $2,380
TP2: $2,280
Verdict: ETH appears vulnerable to a correction into the $2,250 zone. Building long positions before a confirmed reversal is risky; priority is execution of short setups from resistance.
ETH/USDT: Suffocating barrier at $2,500 and deeper correction 📉
The current price of Ethereum is trading around $2,417. The chart has formed a clear bearish divergence: ETH is noticeably lagging behind the market’s impulse up move, hitting a hard resistance and creating a cascade of lower highs.
Why we expect a drop:
Weakness of the bulls: Failure to hold above the psychological zone of $2,500–$2,520 indicates buyer demand has been exhausted.
Loss of key supports: A break of the $2,450 level opened the way to liquidity being pulled from the lower shelves.
Downward magnet: The main block of buyers is significantly lower—around $2,250–$2,300.
An elegant trading plan
Scenario 1: “Trend-break breakout”
Entry: $2,410 – $2,425
SL: $2,475
TP1: $2,340
TP2: $2,260
Scenario 2: “False breakout and short from resistance”
Entry: $2,480 – $2,510
SL: $2,545
TP1: $2,380
TP2: $2,280
Verdict: ETH appears vulnerable to a correction into the $2,250 zone. Building long positions before a confirmed reversal is risky; priority is execution of short setups from resistance.