Everyone sees the bullish daily trend and misses the sellers

$ETH /USDT: NO TRADE YET, waiting for one side to break
Bias: NEUTRAL · 2 bullish vs 2 bearish

Two scenarios, no position yet:
LONG on a 1h close above 2710.19 → targets 2732.34 / 2747.10 / 2769.24, stop 2680.67
SHORT on a 1h close below 2675.95 → targets 2653.81 / 2639.04 / 2616.90, stop 2705.47
In between (1.3% wide): no edge, no trade.

Technical read: NEUTRAL. 2 of 12 signals bullish, 2 bearish, 8 undecided.
Bullish side:
• Daily trend: price > EMA50 > EMA200, bullish stack → the big-picture trend is up
• 4h trend: price > EMA50 > EMA200, bullish stack → the swing trend is up
Bearish side:
• Trend strength (ADX/DI, 15m): ADX 25.6 with sellers in control (DI+ 20.5 vs DI− 25.9) → sellers are driving the move
• BTC backdrop: BTC trend is bearish and correlation is 0.87 → BTC is falling and this coin tends to follow

What would tip it:
There is no edge right now. The strongest bullish factor is the daily trend with price above EMA50 and EMA200 stacked, which means the big picture remains up. The strongest bearish factor is the 15m trend strength showing ADX 25.6 with sellers in control, meaning sellers are driving the short-term move. The 1h price is undecided and the setup needs a clean break in either direction before a trade is taken.

Where would you put your trigger if you had to choose between 2710.19 and 2675.95 right now?

Levels mapped on the chart below.

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⚠️ Personal market analysis only. NFA — manage risk and DYOR.
Educational content, not investment advice or a recommendation to buy, sell, deposit, or withdraw any asset. No paid promotion or referral/affiliate links.