*$ETH SHORT SIGNAL*
ETH is recovering from $2,650.88, but the bounce is running directly into the MA25-MA99 resistance zone around $2,685-$2,695.
The 1H structure is still cautious bearish:
* Price sitting around MA25
* MA99 overhead at ~$2,694.73
* Momentum faded after the sharp selloff
This is the level I’m watching:
* Short entry: $2,690-$2,705 rejection
* Stop Loss: $2,725
* Invalidation: 1H close above $2,725
* TP1: $2,665
* TP2: $2,650
* TP3: $2,610
If $2,705 flips into support with strong volume, I would cancel the short idea.
The news is mixed: Ethereum's Glamsterdam upgrade is scheduled to reach Sepolia on October 6, giving bulls a major upcoming catalyst. But $59.6M of spot ETH ETF outflows on October 1 and recent staking disruption are creating short-term pressure.
$2,700 is the battle zone.
Reject it = $2,650 comes back into play.
Reclaim it = setup changes.
$ETH #BitcoinParesGainsAfterRallyTo$86.5K #CerebrasSinksNearly20%OnReportNvidiaToPowerOpenAI #SECProposesCryptoCustodyRules
ETH is recovering from $2,650.88, but the bounce is running directly into the MA25-MA99 resistance zone around $2,685-$2,695.
The 1H structure is still cautious bearish:
* Price sitting around MA25
* MA99 overhead at ~$2,694.73
* Momentum faded after the sharp selloff
This is the level I’m watching:
* Short entry: $2,690-$2,705 rejection
* Stop Loss: $2,725
* Invalidation: 1H close above $2,725
* TP1: $2,665
* TP2: $2,650
* TP3: $2,610
If $2,705 flips into support with strong volume, I would cancel the short idea.
The news is mixed: Ethereum's Glamsterdam upgrade is scheduled to reach Sepolia on October 6, giving bulls a major upcoming catalyst. But $59.6M of spot ETH ETF outflows on October 1 and recent staking disruption are creating short-term pressure.
$2,700 is the battle zone.
Reject it = $2,650 comes back into play.
Reclaim it = setup changes.
$ETH #BitcoinParesGainsAfterRallyTo$86.5K #CerebrasSinksNearly20%OnReportNvidiaToPowerOpenAI #SECProposesCryptoCustodyRules