UPDATE & TRADE SETUP : $ETH
$ETH is trading around the 2,287 area after a sharp breakdown, losing the 2,292 horizontal support that held during recent consolidation. Price has now reached the lower ascending trendline, which has been intact since mid-April.
From above, the descending resistance from 2,470 highs continues to reject every recovery attempt, keeping price compressed inside a tightening structure.
This is a key decision zone for ETH.
A hold on this trendline could trigger a rebound toward 2,360–2,390, but bulls still need a clean break above resistance to confirm strength.
A breakdown below the trendline on a closing basis would shift momentum bearish, opening 2,250–2,200 next.
LONG TRADE SETUP - 20x Leverage
Entry : 2250-2280
SL: 2,200
TP: 2320 ➡️2345➡️2380
Book 50% profit on tp1 and move sl to entey
25% profit book on tp2 and 3
#EthereumFoundationUnstakes$48.9MillionWorthofETH #eth #Ethereum