$ETH Facing Strong Resistance â Caution at These Levels
Trade Signal (Day Trade â Short Setup):
Sell Range: 3,170â3,220 (current price 3,153)
TP1: 3,080
TP2: 3,020
TP3: 2,950
SL: 3,280
Leverage: 20â50x (risk 1â2%)
Open Short Here đđ
Spot Buyers
$ETH spot accumulation is safer near $3,000â$2,900 zones. Avoid chasing at resistance.
Why This Trade:
$ETH has bounced strongly from the $2,620 zone but is now reacting at the heavy resistance area between $3,170â$3,200. This zone has rejected price multiple times before, and current candle strength is weakening as sellers defend this level. The recovery looks more like a relief bounce after a strong downtrend, not a confirmed trend reversal yet. Short-term structure shows rejection wicks near the upper band with declining upside momentum. If price fails to hold above $3,170, a pullback toward $3,080 and $3,000 is very likely. If TP1 hits, secure partial profit and trail your stop. If youâre still not following Token Talk trades daily, youâre missing clean risk-managed setups like this â $ETH is at a decision zone right now.
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