The daily range feels too thin for this.

🔴 SHORT $ETH /USDT: expecting price to go DOWN
Bias: SHORT · Leaning

Entry: 2487.73 – 2492.27
TP1: 2456.37 (-1.4%)
TP2: 2433.95 (-2.3%)
TP3: 2400.32 (-3.6%)
SL: 2534.84 (+1.8%)
Plan: enter only inside the zone, take half at TP1, then move the stop to entry.
Note: moderate conviction only, keep size light.

Why SHORT? Leaning call, 3/12 signals agree, 0 against, 9 undecided.
• 1h trend: price < EMA50 < EMA200, bearish stack → the short-term trend is down
• 4h RSI: 31.6, bearish momentum (below 45) → sellers have the momentum
• 1h RSI: 44.7, bearish momentum (below 45) → sellers have the momentum

My read on ETH today
I'm watching the 1h price at 2490.00 against a bearish short-term stack. I want to see a clean break below 2487.73 on heavier 4h candles before I commit. The main risk is a daily range that just keeps chopping, meaning the short can get squeezed quickly. I'm leaning short, not sure, with conviction at 60 percent. The strongest support is the 1h bearish stack, while the 4h RSI at 31.6 shows sellers are still in momentum. The ATR of 18.68 on the 1h tells me stop placement needs room.

What level would you wait for on the 4h before taking this side, or are you already flat?

Chart with every level below.

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Educational content, not investment advice or a recommendation to buy, sell, deposit, or withdraw any asset. No paid promotion or referral/affiliate links.