ETHUSDT: $2,500 lost—I’m leaning toward further short-term correction!
I’m now more inclined to be bearish on ETH’s latest move.
The price fell from around $2,526.99, reaching a low of $2,393.28, and has now rebounded to around $2,408. But this rebound hasn’t changed the weak short-term structure.
I’m focusing on two levels: $2,425 and $2,393.
The $2,425 area is a level ETH needs to reclaim in the short term. If the price rebounds there but fails to hold, I think ETH will likely test $2,393 again. If it breaks below that low, $2,380 and $2,360 could be tested next.
My futures trading plan:
Direction: Bearish.
Entry range: $2,405–$2,418. You can start with a small short position near the current price.
First target: $2,380.
Second target: $2,360.
Invalidation level: $2,438.
The plan is straightforward: start with 30% of the intended position size. If the price breaks below $2,393 and a 15-minute candle confirms it is holding below that level, consider adding another 20% of the intended position size.
Why am I not bullish? ETH has seen a slight rebound, but the price is still in a recovery phase following a short-term decline and hasn’t reclaimed the $2,425 level. Right now, I’m focused more on whether the bearish structure will continue than on calling a reversal based on a single rebound candle.
I’m leaning toward ETH continuing to dip toward $2,380 in the short term, with $2,360 in focus if it breaks below that.
Do you think ETH will rebound to $2,425 first, or break below $2,393 directly?
$ETH
I’m now more inclined to be bearish on ETH’s latest move.
The price fell from around $2,526.99, reaching a low of $2,393.28, and has now rebounded to around $2,408. But this rebound hasn’t changed the weak short-term structure.
I’m focusing on two levels: $2,425 and $2,393.
The $2,425 area is a level ETH needs to reclaim in the short term. If the price rebounds there but fails to hold, I think ETH will likely test $2,393 again. If it breaks below that low, $2,380 and $2,360 could be tested next.
My futures trading plan:
Direction: Bearish.
Entry range: $2,405–$2,418. You can start with a small short position near the current price.
First target: $2,380.
Second target: $2,360.
Invalidation level: $2,438.
The plan is straightforward: start with 30% of the intended position size. If the price breaks below $2,393 and a 15-minute candle confirms it is holding below that level, consider adding another 20% of the intended position size.
Why am I not bullish? ETH has seen a slight rebound, but the price is still in a recovery phase following a short-term decline and hasn’t reclaimed the $2,425 level. Right now, I’m focused more on whether the bearish structure will continue than on calling a reversal based on a single rebound candle.
I’m leaning toward ETH continuing to dip toward $2,380 in the short term, with $2,360 in focus if it breaks below that.
Do you think ETH will rebound to $2,425 first, or break below $2,393 directly?
$ETH