🚨 ETH MASSIVE BREAKDOWN OR FAKEOUT? BOTH SIDES SETUP 👇
🔻 SELL (primary trend)
Entry: 2150 – 2220
SL: 2385
TP1: 2000
TP2: 1800
TP3: 1500 – 1150
🔺 BUY (reversal scenario)
Entry: 1980 – 2050
SL: 1850
TP1: 2200
TP2: 2380
TP3: 2600+
ETH on the daily timeframe is showing a clear bearish market structure after breaking down from a rising channel and losing the 200 MA (~3050). That’s not just a pullback — that’s a shift in trend.
Price is now compressing inside a weak ascending triangle under heavy resistance (2150–2200). This is typically a continuation pattern… and in a downtrend, that means downside risk.
Every bounce into the 200 EMA is getting rejected. Momentum is fading, and buyers are failing to push higher highs. This looks like distribution before another leg down.
Here’s the controversial take:
Most traders think ETH is “cheap” after the dump.
But markets don’t bottom because something looks cheap — they bottom when sellers are exhausted. And right now? Sellers still control the structure.
If ETH loses 2000 with strong volume → expect acceleration toward 1800, even 1500. Panic + liquidations could extend to 1150 (major macro target).
BUT… if price reclaims 2200 and holds → this entire structure becomes a bear trap, and ETH could squeeze hard back to 2600+.
👉 This is a high-stakes zone. No middle ground.
So ask yourself:
Are you buying the dip… or becoming liquidity?
Follow for more high-probability setups.
