$ETH /USDT — Spike and pullback +0.56%, resistance at the previous high; short the rebound
Current price: 2,443.91. After climbing to 2,493, the price quickly pulled back. The long upper wick indicates heavy selling pressure overhead. Short-term highs are gradually declining. Buyers account for 73.21% of the market, but the price is not rising, suggesting weak buying support. Daily and weekly trends remain broadly weak; this rebound looks more like a recovery than a reversal.
Direction: Short
Entry: 2,455–2,465
Take-profit 1: 2,420・Take-profit 2: 2,390・Take-profit 3: 2,350
Stop-loss: 2,480
Reason: Repeated sharp pullbacks after rallies indicate strong resistance overhead. Until the price holds above 2,480, every rebound is a shorting opportunity. A stop-loss breakout would indicate strengthening momentum—cut your losses promptly and don't fight the trend. #ETH
Current price: 2,443.91. After climbing to 2,493, the price quickly pulled back. The long upper wick indicates heavy selling pressure overhead. Short-term highs are gradually declining. Buyers account for 73.21% of the market, but the price is not rising, suggesting weak buying support. Daily and weekly trends remain broadly weak; this rebound looks more like a recovery than a reversal.
Direction: Short
Entry: 2,455–2,465
Take-profit 1: 2,420・Take-profit 2: 2,390・Take-profit 3: 2,350
Stop-loss: 2,480
Reason: Repeated sharp pullbacks after rallies indicate strong resistance overhead. Until the price holds above 2,480, every rebound is a shorting opportunity. A stop-loss breakout would indicate strengthening momentum—cut your losses promptly and don't fight the trend. #ETH