$ETH is at one of those levels where the chart matters more than the crowd.
A lot of traders are calling this a strong recovery, but I'm seeing a different picture.
The bounce looked good at first, but momentum is starting to fade. Volume is weakening, profit-taking is increasing, and the price structure isn't showing the kind of strength I'd want to see for a sustainable breakout.
This is usually the stage where late buyers get comfortable... and the market starts setting up the opposite move.
I'm not saying $ETH is finished, but I don't trust this rally enough to chase it higher.
For me, the risk/reward currently favors a short from this area.
📉 Short $ETH
🎯 TP1: $1,770
🎯 TP2: $1,756
🛑 SL: $1,815
In a bear market, every pump looks convincing until it becomes a trap.
I'm following the data, not the hype.
#ETH #Ethereum #ETHUSDT #Crypto #Trading #Bitcoin #Altcoins #CryptoTrading #TechnicalAnalysis #Binance
