$ETH
While aggressive buyers attempt to chase relief bounces, this 15-minute chart on $ETH is rejecting key resistance to set up a clean short continuation play.
After sweeping liquidity at the lower $2,320.00 demand zone and rallying strongly, price has encountered heavy supply inside the resistance block near $2,463.36 . The projected path shows a rejection down toward intermediate support at $2,421.66 , followed by a lower-high retest back into resistance before expanding downward toward lower targets at $2,345.75 .
Holding below the stop loss at $2,505.49 keeps the bearish trade setup active, targeting the primary downside objective at $2,345.75 . A direct break and close above $2,505.49 invalidates the short structure and shifts focus back toward upper range highs.
Don't buy into overhead resistance blocks—wait for retest rejections to align with short-term downside momentum.
#ETH #Ethereum #CryptoAnalysis #TechnicalAnalysis #Trading
While aggressive buyers attempt to chase relief bounces, this 15-minute chart on $ETH is rejecting key resistance to set up a clean short continuation play.
After sweeping liquidity at the lower $2,320.00 demand zone and rallying strongly, price has encountered heavy supply inside the resistance block near $2,463.36 . The projected path shows a rejection down toward intermediate support at $2,421.66 , followed by a lower-high retest back into resistance before expanding downward toward lower targets at $2,345.75 .
Holding below the stop loss at $2,505.49 keeps the bearish trade setup active, targeting the primary downside objective at $2,345.75 . A direct break and close above $2,505.49 invalidates the short structure and shifts focus back toward upper range highs.
Don't buy into overhead resistance blocks—wait for retest rejections to align with short-term downside momentum.
#ETH #Ethereum #CryptoAnalysis #TechnicalAnalysis #Trading