đš $ETH : The Breakdown Retest Short! ( SHORT Setup đŻ)
Ethereum has broken below $2,400 for the first time since June, with over $74M in long liquidations hitting the $2,450 support zone. The 10Y Treasury yield at 5%+ and the CLARITY Act failure have created a clear risk-off environment.
The 1H chart shows a one-way downtrend from $2,615 to $2,358, with weak rebounds and full bearish dominance.
Don't chase the breakdown. Wait for the retest of broken support.
đ Ideal Entry: $2,405 â $2,420
đ Acceptable Entry: $2,395 â $2,430
đ« Chase Zone: Below $2,380 â CANCEL
đŻ Target 1: $2,340
đ Target 2: $2,280
đ Target 3: $2,200 (Only if FOMC is hawkish)
đ Stop Loss: $2,455
Trigger: 15M/1H rejection + close back below $2,400â$2,410 after any bounce into the entry zone.
Will ETH hit $2,340 or retest $2,455 first? comment below! đ
(đŽ / đą )
#ETH #Ethereum #Crypto #BinanceSquare
(If you found this setup helpful, smash the đ LIKE button and consider leaving a đĄ TIP to support my work!)
Ethereum has broken below $2,400 for the first time since June, with over $74M in long liquidations hitting the $2,450 support zone. The 10Y Treasury yield at 5%+ and the CLARITY Act failure have created a clear risk-off environment.
The 1H chart shows a one-way downtrend from $2,615 to $2,358, with weak rebounds and full bearish dominance.
Don't chase the breakdown. Wait for the retest of broken support.
đ Ideal Entry: $2,405 â $2,420
đ Acceptable Entry: $2,395 â $2,430
đ« Chase Zone: Below $2,380 â CANCEL
đŻ Target 1: $2,340
đ Target 2: $2,280
đ Target 3: $2,200 (Only if FOMC is hawkish)
đ Stop Loss: $2,455
Trigger: 15M/1H rejection + close back below $2,400â$2,410 after any bounce into the entry zone.
Will ETH hit $2,340 or retest $2,455 first? comment below! đ
(đŽ / đą )
#ETH #Ethereum #Crypto #BinanceSquare
(If you found this setup helpful, smash the đ LIKE button and consider leaving a đĄ TIP to support my work!)