$ETH is bearish. The price is currently in a rebound phase, testing a new resistance zone.
· On the 4-hour chart: EMA9 (2530–2540) is below EMA21 (2560–2570), and both are sloping downward. This confirms strong selling pressure. In a downtrend, the EMA zone often acts as dynamic resistance, so there is a high probability that the price will be rejected here.
· CVD (net flow): Deeply negative, moving sideways or trending slightly downward. This indicates that sellers remain in control and that funds are mostly flowing out. There are currently no signs of smart money returning to buy and reverse the trend.
· Open interest (OI): Dropped sharply during the recent crash (a long squeeze). OI is currently moving sideways.
$ETH short setup
· Short entry: Wait for a rebound into the 2530–2570 zone (EMA resistance zone)
· Stop loss: 2630
· Take profit 1: 2470 (strong 1-hour support)
· Take profit 2: 2406 (recent local low)
· Take profit 3: 2350 (if support breaks, follow the deeper downtrend)
Support me—just trade here 👇#eth
· On the 4-hour chart: EMA9 (2530–2540) is below EMA21 (2560–2570), and both are sloping downward. This confirms strong selling pressure. In a downtrend, the EMA zone often acts as dynamic resistance, so there is a high probability that the price will be rejected here.
· CVD (net flow): Deeply negative, moving sideways or trending slightly downward. This indicates that sellers remain in control and that funds are mostly flowing out. There are currently no signs of smart money returning to buy and reverse the trend.
· Open interest (OI): Dropped sharply during the recent crash (a long squeeze). OI is currently moving sideways.
$ETH short setup
· Short entry: Wait for a rebound into the 2530–2570 zone (EMA resistance zone)
· Stop loss: 2630
· Take profit 1: 2470 (strong 1-hour support)
· Take profit 2: 2406 (recent local low)
· Take profit 3: 2350 (if support breaks, follow the deeper downtrend)
Support me—just trade here 👇#eth