#ETH short-term analysis ๐
#ETH is around $2,610โ$2,620 and has come under selling pressure today. ๏ฟฝ
CoinGecko +1
Bearish setup (4H):
๐ด Resistance: $2,660โ$2,700
๐ด Major resistance: $2,717โ$2,750
๐ข Support: $2,574
๐ข Next support: $2,500โ$2,510
Bias: Bearish below $2,660โ$2,700
Short idea: Prefer a rejection from resistance rather than chasing after a big drop.
Targets: $2,575 โ $2,510 โ $2,500
Invalidation: sustained move/close above ~$2,720.
The 4H technical picture is bearish, although the daily trend remains stronger, so a sharp bounce is possible. ๏ฟฝ
en.coinotag.com +1
Risk: #ETH is already relatively oversold on several short-term indicators, so don't over-leverage. ๏ฟฝ
in.investing.com
If you want, I can also make you an ๏ฟฝโ ETH short-analysis chart/picture with entry, SL and TP marked.