$ETH 🔴
Short
Entry: $1835.00 to $1855.00
(ideally waiting for a small technical pullback below the resistance zone of the yellow MA7 at $1859.43)
SL: $1885.00
(placed just above the last local high and the pink MA25 at $1874.09 to invalidate the plan in case of a bullish fakeout)
TP1: $1810.09
(short-term target, recent low level that will serve as first support)
TP2: $1780.00
(lower technical and psychological threshold in case of a clear break of the floor)
TP3: $1740.00
(major objective, extension of capitulation)
Why this trade?
The 1h chart shows that Ethereum is experiencing clear selling pressure (-2.71%).
The previous rebound attempt crashed violently below the pink MA25 (1874.09), leaving behind large red candles that firmly reject the price below the yellow MA7 (1859.43).
The MACD confirms the heaviness of the momentum with a return of red histograms and a negative value at -0.56. Although the RSI(6) shows oversold at 15.42, the bearish flow on the moving averages remains perfectly aligned (MA99 > MA25 > MA7). The strategy is to sell the retest of a short-term resistance to ride the asset down towards a break of its low at $1810.09.
Manage your risks:
We are dealing with an ultra-major asset with a colossal volume of $14.30 billion in USDT over 24h.
The order book is very thick, but breakouts on ETH can trigger quick liquidation cascades.
Only risk a small percentage of your capital and meticulously adjust your Stop-Loss (SL).
This is not financial advice.
Always do your own research (DYOR) before positioning.
Short
Entry: $1835.00 to $1855.00
(ideally waiting for a small technical pullback below the resistance zone of the yellow MA7 at $1859.43)
SL: $1885.00
(placed just above the last local high and the pink MA25 at $1874.09 to invalidate the plan in case of a bullish fakeout)
TP1: $1810.09
(short-term target, recent low level that will serve as first support)
TP2: $1780.00
(lower technical and psychological threshold in case of a clear break of the floor)
TP3: $1740.00
(major objective, extension of capitulation)
Why this trade?
The 1h chart shows that Ethereum is experiencing clear selling pressure (-2.71%).
The previous rebound attempt crashed violently below the pink MA25 (1874.09), leaving behind large red candles that firmly reject the price below the yellow MA7 (1859.43).
The MACD confirms the heaviness of the momentum with a return of red histograms and a negative value at -0.56. Although the RSI(6) shows oversold at 15.42, the bearish flow on the moving averages remains perfectly aligned (MA99 > MA25 > MA7). The strategy is to sell the retest of a short-term resistance to ride the asset down towards a break of its low at $1810.09.
Manage your risks:
We are dealing with an ultra-major asset with a colossal volume of $14.30 billion in USDT over 24h.
The order book is very thick, but breakouts on ETH can trigger quick liquidation cascades.
Only risk a small percentage of your capital and meticulously adjust your Stop-Loss (SL).
This is not financial advice.
Always do your own research (DYOR) before positioning.