$ETH is showing weakness after getting rejected near $2,494, and I’m watching to see whether the $2,445 support area gets tested again. The short-term momentum has shifted bearish, with price slipping below both the MA(7) at $2,465.81 and MA(25) at $2,463.54.
Right now, ETH is trading around $2,456, and the latest candles show selling pressure building again. The MA(99) at $2,444.48 is sitting close to the recent low, making this an important area to watch.
For me, I’d consider a short setup if ETH retests the $2,460–$2,465 zone and gets rejected. I wouldn’t chase the move at current levels because support is nearby.
📍 Entry: $2,460–$2,465 on a confirmed rejection 🎯 TP1: $2,449.58 🎯 TP2: $2,445.00 🎯 TP3: $2,433.95, only if support breaks with continued selling 🛑 Invalidation: $2,480.83
If price pushes back above $2,480.83, I’d step away from this setup because the bearish rejection idea would be losing strength.
The key is how price reacts around $2,445. If buyers defend that area, a bounce is possible; if sellers break it, downside could extend. I’m waiting for confirmation rather than forcing an entry.
Right now, ETH is trading around $2,456, and the latest candles show selling pressure building again. The MA(99) at $2,444.48 is sitting close to the recent low, making this an important area to watch.
For me, I’d consider a short setup if ETH retests the $2,460–$2,465 zone and gets rejected. I wouldn’t chase the move at current levels because support is nearby.
📍 Entry: $2,460–$2,465 on a confirmed rejection 🎯 TP1: $2,449.58 🎯 TP2: $2,445.00 🎯 TP3: $2,433.95, only if support breaks with continued selling 🛑 Invalidation: $2,480.83
If price pushes back above $2,480.83, I’d step away from this setup because the bearish rejection idea would be losing strength.
The key is how price reacts around $2,445. If buyers defend that area, a bounce is possible; if sellers break it, downside could extend. I’m waiting for confirmation rather than forcing an entry.