$ETH: Lower High Pattern Confirmed: Short Target in View
SHORT SETUP ETH
Entry: $2570.00 - $2577.00
Stop Loss: $2668.00
Take Profit: $2384.50 (2R)
Key Levels: Support $2538.06 | Resistance $2577.39
Technical Analysis for $ETH: ETH is testing the 4hour resistance around 2,577. Price sits below EMA9200, keeping the bearish framework. Yet MACD has turned positive and Stochastic is deep oversold, hinting at a shortterm bounce. Orderbook shows bid pressure. A break above 2,577 could trigger a short entry, with SL near 2,668 and TP at 2,389. Watch for a decisive close above resistance.
Market Context: BTC is in a bearish 4hour trend, down 1.25% over 24 h. Overall market shows a slight green bias (55.6% up).
SHORT $ETH
SHORT SETUP ETH
Entry: $2570.00 - $2577.00
Stop Loss: $2668.00
Take Profit: $2384.50 (2R)
Key Levels: Support $2538.06 | Resistance $2577.39
Technical Analysis for $ETH: ETH is testing the 4hour resistance around 2,577. Price sits below EMA9200, keeping the bearish framework. Yet MACD has turned positive and Stochastic is deep oversold, hinting at a shortterm bounce. Orderbook shows bid pressure. A break above 2,577 could trigger a short entry, with SL near 2,668 and TP at 2,389. Watch for a decisive close above resistance.
Market Context: BTC is in a bearish 4hour trend, down 1.25% over 24 h. Overall market shows a slight green bias (55.6% up).
SHORT $ETH