#USSpotETHETFsPost23StraightDaysOfNetOutflows $ETHUSDT is showing a potential resistance-rejection setup after a 3.59% decline, with price near $2,239. Sellers remain in focus while ETH trades below the $2,270–$2,290 recovery zone.
A failed recovery into resistance could offer a more controlled short entry than chasing the existing drop. Buyers need to reclaim this zone before a stronger bullish reversal becomes convincing.
EP: $2,265–$2,285
TP1: $2,235
TP2: $2,205
TP3: $2,175
SL: $2,310
The recent decline puts nearby downside liquidity in focus, but an actual sweep is not confirmed by the available screenshot. Look for a rejection and renewed selling pressure below $2,265 before considering the setup. A sustained breakout above $2,310 invalidates the bearish view.
Risk/reward: approximately 1:1.5 to TP1 and 1:4.0 to TP3, using the midpoint entry.$
A failed recovery into resistance could offer a more controlled short entry than chasing the existing drop. Buyers need to reclaim this zone before a stronger bullish reversal becomes convincing.
EP: $2,265–$2,285
TP1: $2,235
TP2: $2,205
TP3: $2,175
SL: $2,310
The recent decline puts nearby downside liquidity in focus, but an actual sweep is not confirmed by the available screenshot. Look for a rejection and renewed selling pressure below $2,265 before considering the setup. A sustained breakout above $2,310 invalidates the bearish view.
Risk/reward: approximately 1:1.5 to TP1 and 1:4.0 to TP3, using the midpoint entry.$