Trade Setup
- Direction: Short (Sell)
- Entry Zone: $1,975 – $1,990 (current area or on weak bounce/rejection)
- Take Profits:
- TP1: $1,927 (24h low / near-term support)
- TP2: $1,862 – $1,875 (measured extension + psychological)
- TP3: $1,745 (major swing low from chart)
- Stop Loss: $2,023 (above 24h high / invalidation level)
ETH is crumbling under sustained selling pressure after failing to reclaim $2,000 decisively. The sharp rejection from $2,022 high and breakdown below recent swing lows signals continuation of the dominant bearish trend. Expect further downside acceleration as momentum builds on the sell side—targeting deeper support zones before any meaningful reversal.
Short Market Outlook
Momentum remains firmly bearish with price rejecting higher timeframe EMAs and forming lower highs/lows. Key resistance at $2,015–$2,022 caps any upside attempts. Immediate support at $1,927, then $1,745 critical—if broken, accelerates toward $1,700s. Watch for oversold RSI bounce potential, but trend stays down until reclaim of $2,100+.
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