$ETH is trading at $2,394.82, down 1.09% over 24 hours, with approximately $8.22B in volume. The supplied analysis reports a failure to hold $2,420, trading below the 50-, 100-, and 200-period daily EMAs, and recent spot ETF outflows totaling -$307.12M. These factors support a bearish continuation scenario, although a broader market recovery could trigger a short squeeze. Resistance confirmation is important before considering an entry.
📈 Bias: Bearish Trend Continuation | 🎯 Entry: $2,410–$2,430 (Short) | 🛡 Support: $2,350 / $2,280 | 🚧 Resistance: $2,460 / $2,510 | 🎯 Targets: $2,360 / $2,300 / $2,240 | ❌ Invalidation: $2,475
Strategy: Consider a short only if a rally into the entry zone fails to reclaim the broken structure. Respect invalidation and monitor broader BTC direction for a possible reversal.
#ETH #Ethereum #CryptoTrading #TechnicalAnalysis #BinanceSquare
📈 Bias: Bearish Trend Continuation | 🎯 Entry: $2,410–$2,430 (Short) | 🛡 Support: $2,350 / $2,280 | 🚧 Resistance: $2,460 / $2,510 | 🎯 Targets: $2,360 / $2,300 / $2,240 | ❌ Invalidation: $2,475
Strategy: Consider a short only if a rally into the entry zone fails to reclaim the broken structure. Respect invalidation and monitor broader BTC direction for a possible reversal.
#ETH #Ethereum #CryptoTrading #TechnicalAnalysis #BinanceSquare