$ETH: Loses Key Demand Zone: Next Support Level Unprotected
SHORT SETUP ETH
Entry: $2396.50 - $2398.80
Stop Loss: $2483.00
Take Profit: $2226.95 (2R)
Key Levels: Support $2385.18 | Resistance $2425.00
Technical Analysis for $ETH: ETH trades at $2,398, sitting below the 9, 21, 50 and 200EMA cluster, confirming bearish bias. MACD shows a negative histogram and the line remains under the signal, while RSI at 44 and Stochastic K around 22 indicate weakening momentum. Orderbook imbalance favors asks. The price respects the 1hour support at $2,385 and faces resistance near $2,425, supporting a short
Market Context: BTC is up 0.9% on the day, holding a bullish stance, while overall market breadth remains broadly positive (75% green).
SHORT $ETH
SHORT SETUP ETH
Entry: $2396.50 - $2398.80
Stop Loss: $2483.00
Take Profit: $2226.95 (2R)
Key Levels: Support $2385.18 | Resistance $2425.00
Technical Analysis for $ETH: ETH trades at $2,398, sitting below the 9, 21, 50 and 200EMA cluster, confirming bearish bias. MACD shows a negative histogram and the line remains under the signal, while RSI at 44 and Stochastic K around 22 indicate weakening momentum. Orderbook imbalance favors asks. The price respects the 1hour support at $2,385 and faces resistance near $2,425, supporting a short
Market Context: BTC is up 0.9% on the day, holding a bullish stance, while overall market breadth remains broadly positive (75% green).
SHORT $ETH