Ethereum is facing strong selling pressure after getting rejected from the $2,080 resistance zone. The 1H structure is showing bearish weakness, with sellers dominating the order book at 89.62% Ask pressure.
I'm watching for a confirmed breakdown below local support before considering a short entry.
📊 Trade Setup: 🔴 Direction: SHORT 🎯 Entry: $2,017.09 (on breakdown) 🛑 Stop Loss: $2,053.77 💰 Take Profit: $1,952.35 ⚖️ Risk/Reward: 1:1.76
Trade Management: Wait for confirmation before entering. Avoid chasing the move, and manage your risk carefully.
What's your current bias on ETH — BULLISH 🟢 or BEARISH 🔴?