📉
$ETH Trade Setup
Ethereum is approaching a key resistance zone, and I'm staying cautious despite the recent bounce.
🔴 Trade Idea: Short
💰 Entry:
• Around $1,778.90
🎯 Potential Target:
• $1,748 (if bearish confirmation appears)
📊 Why I'm watching this area:
• ETH is testing a strong resistance zone after a short-term rally.
• A rejection with increasing selling volume could signal a pullback.
• The current move may simply be a relief rally unless buyers can break and hold above resistance.
Before entering, I'm looking for:
✅ Clear bearish rejection at resistance
✅ Confirmation from price action (not just one candle)
✅ Weakening buying momentum
✅ Support from the broader market trend
⚠️ Risk reminder:
• A rejection candle alone does not guarantee a reversal.
• If ETH breaks above resistance with strong volume and follow-through, the short setup is invalidated.
• Always use a stop loss and avoid overleveraging.
Trade the confirmation—not the emotion.
#ETH #Ethereum #Crypto #trading