$ETH ($ETH USDT.P) playing out the short thesis from the $2,530 swing high, with previous shorts loaded at $2,480 hitting our $2,370 target zone (low printed at $2,385).
Not chasing shorts at $2,416 after this extended drive down. Watching for a relief pullback toward the $2,485–$2,490 supply zone to reload short exposure.
A confirmed 1H close above $2,530 invalidates the short bias. If price breaks below the $2,360 demand floor, next major downside target is $2,245.
Patience here—let the relief bounce come into the level before looking for the next trigger.
Not chasing shorts at $2,416 after this extended drive down. Watching for a relief pullback toward the $2,485–$2,490 supply zone to reload short exposure.
A confirmed 1H close above $2,530 invalidates the short bias. If price breaks below the $2,360 demand floor, next major downside target is $2,245.
Patience here—let the relief bounce come into the level before looking for the next trigger.
