$ETH 5-MINUTE LTF ANALYSIS — SHORT SETUP
$ETH is attempting another breakout, but the 5-minute structure still looks weak. As long as price remains below the short-term descending channel, sellers could continue controlling the move.
The recent exchange-security incident has also added uncertainty to the market. However, any claim that stolen funds will be sold should be treated as a risk scenario, not a certainty.
If #ETH fails to reclaim the channel with strong volume, I’m watching the $2,660 area as the next potential downside target.
For very short-term setups, confirmation matters more than prediction. Invalidation comes if $ETH decisively reclaims the channel.
Personal analysis only. NFA. DYOR.
#ETH #Ethereum #ETHAnalysis #CryptoTrading #BinanceSquare
$ETH is attempting another breakout, but the 5-minute structure still looks weak. As long as price remains below the short-term descending channel, sellers could continue controlling the move.
The recent exchange-security incident has also added uncertainty to the market. However, any claim that stolen funds will be sold should be treated as a risk scenario, not a certainty.
If #ETH fails to reclaim the channel with strong volume, I’m watching the $2,660 area as the next potential downside target.
For very short-term setups, confirmation matters more than prediction. Invalidation comes if $ETH decisively reclaims the channel.
Personal analysis only. NFA. DYOR.
#ETH #Ethereum #ETHAnalysis #CryptoTrading #BinanceSquare
