The final thing to watch is whether this rebound in $ETH can be confirmed as exhaustion. Prices on both the 4-hour and hourly charts are below the moving average cluster, and momentum is clearly pointing down. The rebound is simply giving the bears room to move. I’m watching the dense resistance zone above; volume hasn’t picked up, and the structure remains intact.
The logic behind shorting here isn’t to guess the top, but to follow the bearish alignment and wait for a confirmed pullback. A deeper rebound is a real risk, since price has moved a bit far from the moving averages, so scaling in and out is the safer approach. First, let’s see whether buyers step in near the initial target.
🔴 Trade direction: Short
📍 Entry range: 2028.56 – 2036.02
🛑 Stop loss: 2111.95
🎯 Take profit 1: 1972.56
🎯 Take profit 2: 1932.73
🎯 Take profit 3: 1872.99
Take in the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the market’s gains and losses.
#ETH
Click below to trade 👇
The logic behind shorting here isn’t to guess the top, but to follow the bearish alignment and wait for a confirmed pullback. A deeper rebound is a real risk, since price has moved a bit far from the moving averages, so scaling in and out is the safer approach. First, let’s see whether buyers step in near the initial target.
🔴 Trade direction: Short
📍 Entry range: 2028.56 – 2036.02
🛑 Stop loss: 2111.95
🎯 Take profit 1: 1972.56
🎯 Take profit 2: 1932.73
🎯 Take profit 3: 1872.99
Take in the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the market’s gains and losses.
#ETH
Click below to trade 👇