Post
$ETH — Bearish Continuation in Play After Rejection at Resistance
Short $ETH
• Entry: $2,340 – $2,348
• Stop Loss: $2,375
Targets:
• TP1: $2,325
• TP2: $2,300
• TP3: $2,280
ETH is showing a classic distribution structure on the 1H chart after a strong impulsive rally. Price was firmly rejected at the $2,374 high, and the market has now shifted into a lower-high, lower-low formation — a sign that sellers are still defending the trend.
The current consolidation around $2,325–$2,334 looks like temporary demand, but downside momentum is still favored unless buyers can reclaim the broken resistance zone with strong volume.
The preferred setup is to wait for a re-test into $2,340–$2,348, where sellers may step back in for another leg down toward the major psychological level at $2,300.
The bearish bias remains valid as long as ETH stays below $2,375. A clean breakout and close above that level would invalidate the short and open the door for a bullish reversal.
Trade $ETH here 👇🏻
{future}(ETHUSDT)
#ETHUSDT #Ethereum #BinanceFutures #CryptoTrading
Short $ETH
• Entry: $2,340 – $2,348
• Stop Loss: $2,375
Targets:
• TP1: $2,325
• TP2: $2,300
• TP3: $2,280
ETH is showing a classic distribution structure on the 1H chart after a strong impulsive rally. Price was firmly rejected at the $2,374 high, and the market has now shifted into a lower-high, lower-low formation — a sign that sellers are still defending the trend.
The current consolidation around $2,325–$2,334 looks like temporary demand, but downside momentum is still favored unless buyers can reclaim the broken resistance zone with strong volume.
The preferred setup is to wait for a re-test into $2,340–$2,348, where sellers may step back in for another leg down toward the major psychological level at $2,300.
The bearish bias remains valid as long as ETH stays below $2,375. A clean breakout and close above that level would invalidate the short and open the door for a bullish reversal.
Trade $ETH here 👇🏻
{future}(ETHUSDT)
#ETHUSDT #Ethereum #BinanceFutures #CryptoTrading