$ETH Wind over Mountain Gradually, Xun above Gen below. The wind moves over the mountain; the path must be taken one step at a time—don’t chase a short position halfway up. Wait for price to hit resistance before acting.
ETH is currently around 2,234. On November 7, it dipped to around 2,221. The 2,280–2,320 area overhead remains resistance for a short-term rebound. U.S. spot ETH ETFs saw net outflows of about $93.3 million on November 6, based on the full-day figures (checkable against public data, not the official/Farside figures), and about $99.9 million on November 5—moving in the same direction as Bitcoin. I’d rather wait for it to rise into that resistance zone before shorting; I wouldn’t chase a trade from the middle of the range.
I’d rather wait for it to push into the resistance zone before shorting:
Entry zone: 2,280–2,320
Stop-loss: 2,480 (leaving some room beyond the November 4 high of 2,450)
Take-profit 1: 2,208
Take-profit 2: 2,150
Take-profit 3: 2,100
Close half the position at the first take-profit and move the stop-loss to breakeven. If it doesn’t rise that far, keep waiting. If the daily candle closes above 2,480, I won’t short.
Let it rise gradually—don’t rush. Do you think ETH will first push to 2,320 and then fall, or test 2,150 again directly?
Follow me for future updates. These are my personal views, not investment advice.
ETH is currently around 2,234. On November 7, it dipped to around 2,221. The 2,280–2,320 area overhead remains resistance for a short-term rebound. U.S. spot ETH ETFs saw net outflows of about $93.3 million on November 6, based on the full-day figures (checkable against public data, not the official/Farside figures), and about $99.9 million on November 5—moving in the same direction as Bitcoin. I’d rather wait for it to rise into that resistance zone before shorting; I wouldn’t chase a trade from the middle of the range.
I’d rather wait for it to push into the resistance zone before shorting:
Entry zone: 2,280–2,320
Stop-loss: 2,480 (leaving some room beyond the November 4 high of 2,450)
Take-profit 1: 2,208
Take-profit 2: 2,150
Take-profit 3: 2,100
Close half the position at the first take-profit and move the stop-loss to breakeven. If it doesn’t rise that far, keep waiting. If the daily candle closes above 2,480, I won’t short.
Let it rise gradually—don’t rush. Do you think ETH will first push to 2,320 and then fall, or test 2,150 again directly?
Follow me for future updates. These are my personal views, not investment advice.
