thomsonliketrading
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$ETH is trading around $2,239 right now. Here’s a concise short thesis and some practical levels to watch (not financial advice).
Why a short can make sense here
Resistance overhead: ETH is pushing into a prior supply zone around the $2,250–$2,300 area. If price stalls here, it often signals sellers defending that level.
Risk/Reward setup: Shorting near resistance lets you define risk tightly (invalidated on a clean breakout), while downside targets are meaningfully larger.
Momentum cooling: After a small push higher, ETH can be vulnerable to a pullback/mean reversion if bids thin out and buyers hesitate at resistance.
Trade idea (example)
Entry zone: $2,230–$2,270 (ideally after rejection/wick or loss of intraday support)
Invalidation / stop: Above $2,310–$2,330 on a strong hold (pick one level and stick to it)
Targets
TP1: $2,170 (first support / quick reaction level)
TP2: $2,100 (key psychological + structure area)
TP3: $2,000–$1,950 (bigger support zone if risk-off accelerates)
Execution notes
Consider taking partial profits at TP1 and moving stop to breakeven if momentum turns in your favor.
If ETH reclaims and holds above ~$2,300+, the short thesis weakens—don’t fight a breakout.
Why a short can make sense here
Resistance overhead: ETH is pushing into a prior supply zone around the $2,250–$2,300 area. If price stalls here, it often signals sellers defending that level.
Risk/Reward setup: Shorting near resistance lets you define risk tightly (invalidated on a clean breakout), while downside targets are meaningfully larger.
Momentum cooling: After a small push higher, ETH can be vulnerable to a pullback/mean reversion if bids thin out and buyers hesitate at resistance.
Trade idea (example)
Entry zone: $2,230–$2,270 (ideally after rejection/wick or loss of intraday support)
Invalidation / stop: Above $2,310–$2,330 on a strong hold (pick one level and stick to it)
Targets
TP1: $2,170 (first support / quick reaction level)
TP2: $2,100 (key psychological + structure area)
TP3: $2,000–$1,950 (bigger support zone if risk-off accelerates)
Execution notes
Consider taking partial profits at TP1 and moving stop to breakeven if momentum turns in your favor.
If ETH reclaims and holds above ~$2,300+, the short thesis weakens—don’t fight a breakout.
$ZK has not been on the hot list since listing. When ZK reaches 1$, people will FOMO buying
BUY NOW
BUY NOW
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