$ETH: Fakeout Confirmed: Bulls Trapped at Local Highs
SHORT SETUP ETH
Entry: $2695.00 - $2700.00
Stop Loss: $2794.00
Take Profit: $2504.50 (2R)
Key Levels: Support $2694.88 | Resistance $2706.28
Technical Analysis for $ETH: ETH is pressing against the 2706 resistance with bearish MACD and RSI near 43. Stochastic is oversold, suggesting a potential bounce, but price remains below key EMAs. A confirmed break below 2695 support opens the door for further downside. Watch for rejection at 2706 to confirm the short setup. This is a conditional technical scenario, not a verified trade or
Market Context: BTC is mixed on 4H but bullish on 1D. Overall market breadth is broadly negative with 68% of assets red.
SHORT $ETH
SHORT SETUP ETH
Entry: $2695.00 - $2700.00
Stop Loss: $2794.00
Take Profit: $2504.50 (2R)
Key Levels: Support $2694.88 | Resistance $2706.28
Technical Analysis for $ETH: ETH is pressing against the 2706 resistance with bearish MACD and RSI near 43. Stochastic is oversold, suggesting a potential bounce, but price remains below key EMAs. A confirmed break below 2695 support opens the door for further downside. Watch for rejection at 2706 to confirm the short setup. This is a conditional technical scenario, not a verified trade or
Market Context: BTC is mixed on 4H but bullish on 1D. Overall market breadth is broadly negative with 68% of assets red.
SHORT $ETH
