$ETH remains in a clear downtrend on the 4-hour timeframe, characterized by consistently lower highs and lower lows. Price is currently treating the 4-hour EMA cluster as dynamic resistance.
Although the 1-hour timeframe shows a short-term oversold bounce, the structure remains weak, as the rebound has been driven mainly by short covering (as reflected in a sharp drop in open interest).
Therefore, the overall bias remains bearish, and the current 1-hour rebound is viewed as a brief pullback approaching a major resistance zone.
$ETH Short Setup (Preferred)
· Short entry: 2465–2495
(Retest of 4-hour EMA resistance)
· Stop loss: Above 2530
· Take profit 1: 2424 (1-hour dynamic support)
· Take profit 2: 2318 (recent swing low)
If you support me, trade here 👇#eth
Although the 1-hour timeframe shows a short-term oversold bounce, the structure remains weak, as the rebound has been driven mainly by short covering (as reflected in a sharp drop in open interest).
Therefore, the overall bias remains bearish, and the current 1-hour rebound is viewed as a brief pullback approaching a major resistance zone.
$ETH Short Setup (Preferred)
· Short entry: 2465–2495
(Retest of 4-hour EMA resistance)
· Stop loss: Above 2530
· Take profit 1: 2424 (1-hour dynamic support)
· Take profit 2: 2318 (recent swing low)
If you support me, trade here 👇#eth