Looking at the $ETH chart on the 1H timeframe, Ethereum is currently at a crucial crossroads. After rebounding from a daily low of $2,016, ETH is stuck at strong resistance.

Trade plan:

Sell/Short

Entry : 2065.20 - 2070.40

TP1 : 2045.80

TP2 : 2020.50

SL : 2085.45

Technical analysis:

Potential Double Top: ETH failed to break through the $2,071 - $2,084 area twice in a short period of time. This indicates that there is significant selling pressure in that area.

Stochastic RSI Overbought: The Stochastic RSI indicator is at the 81/85 level, which indicates an overbought condition. Historically, this area is prone to healthy corrections or retracements in search of new support.

Trade $ETH 👇👇

ETHUSDT

دائم

2,294.43

-0.83%