๐จ $ETH : The Breakdown Retest Short! ( SHORT Setup ๐ฏ)
Ethereum has broken below $2,400 for the first time since June, with over $74M in long liquidations hitting the $2,450 support zone. The 10Y Treasury yield at 5%+ and the CLARITY Act failure have created a clear risk-off environment.
The 1H chart shows a one-way downtrend from $2,615 to $2,358, with weak rebounds and full bearish dominance.
Don't chase the breakdown. Wait for the retest of broken support.
๐ Ideal Entry: $2,405 โ $2,420
๐ Acceptable Entry: $2,395 โ $2,430
๐ซ Chase Zone: Below $2,380 โ CANCEL
๐ฏ Target 1: $2,340
๐ Target 2: $2,280
๐ Target 3: $2,200 (Only if FOMC is hawkish)
๐ Stop Loss: $2,455
Trigger: 15M/1H rejection + close back below $2,400โ$2,410 after any bounce into the entry zone.
Will ETH hit $2,340 or retest $2,455 first? comment below! ๐
(๐ด / ๐ข )
#ETH #Ethereum #Crypto #BinanceSquare
(If you found this setup helpful, smash the ๐ LIKE button and consider leaving a ๐ก TIP to support my work!)
Ethereum has broken below $2,400 for the first time since June, with over $74M in long liquidations hitting the $2,450 support zone. The 10Y Treasury yield at 5%+ and the CLARITY Act failure have created a clear risk-off environment.
The 1H chart shows a one-way downtrend from $2,615 to $2,358, with weak rebounds and full bearish dominance.
Don't chase the breakdown. Wait for the retest of broken support.
๐ Ideal Entry: $2,405 โ $2,420
๐ Acceptable Entry: $2,395 โ $2,430
๐ซ Chase Zone: Below $2,380 โ CANCEL
๐ฏ Target 1: $2,340
๐ Target 2: $2,280
๐ Target 3: $2,200 (Only if FOMC is hawkish)
๐ Stop Loss: $2,455
Trigger: 15M/1H rejection + close back below $2,400โ$2,410 after any bounce into the entry zone.
Will ETH hit $2,340 or retest $2,455 first? comment below! ๐
(๐ด / ๐ข )
#ETH #Ethereum #Crypto #BinanceSquare
(If you found this setup helpful, smash the ๐ LIKE button and consider leaving a ๐ก TIP to support my work!)