$ETH is testing resistance repeatedly but struggling to find upward momentum. It remains positioned just beneath a key ceiling. 📉
Here is the current $ETH Trading Plan (Short):
Entry: $2,076 – $2,120
SL: $2,160
TP: $2,020, $1,xxx
Multiple attempts to break higher have been met with resistance, resulting in smaller upper tails and closes slipping back. There is a notable lack of expansion after these pushes.
Upward movements appear promising initially but stall almost immediately. Candles are overlapping, indicating tightening price action. I am currently in a light position, observing seller conviction.
If $ETH manages to hold cleanly above the ceiling, validating a breakout, I will exit the position. For now, it feels heavy and constrained.
Short $ETH 👇