$ETH Breakdown Below Key Support — Short Setup Favored 🔻
Short Trade Signal (Day Trade):
Sell Zone: 3,000 – 3,060
TP1: 2,960
TP2: 2,920
TP3: 2,880
SL: 3,120
Leverage: 20–40x (risk 1–2%)
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Spot Traders: Avoid fresh spot buys right now. Safer accumulation only near strong daily support around 2,850 – 2,780 after clear stabilization.
Why This Trade:
ETH failed to hold above the 3,100–3,150 resistance and broke down sharply, confirming sellers are in control. On the 1H and 1D charts, price is trading below all major resistance zones with a clear sequence of lower highs. The recent bounce was weak and got rejected quickly, showing it was only a corrective pullback, not a trend reversal.
Volume confirms this bias — selling volume expanded on the breakdown, while bounce candles showed weaker participation. This tells us buyers are not confident at current levels.
From a market perspective, overall sentiment remains cautious. $BTC is still unstable near resistance, keeping pressure on ETH and other majors. There are no strong short-term bullish catalysts, so rallies are being sold.
Support Zones:
2,950 – 2,920 (intraday support)
2,890 – 2,850 (major demand zone)
Resistance Zones:
3,050 – 3,100 (pullback selling zone)
3,150 – 3,200 (strong rejection zone)
Pullback Zone to Watch:
If ETH retraces before continuation, 3,020 – 3,080 is the ideal area for shorts. A move above 3,120 invalidates this setup.
Trade patiently with strict risk control. If you’re not following Token Talk, you’re honestly missing the real market moves.