$ETH — Relief Rally Exhausted, Reversal in Play
The relief bounce looks tapped out, and signs of a reversal are building. Momentum has faded, and sellers are stepping back in.
Trade Setup: Short $ETH
Entry: 2,326 – 2,330
Stop Loss: 2,380
Targets:
• TP1: 2,282
• TP2: 2,240
• TP3: 2,190
After pushing aggressively from 2,282 to 2,463, price failed to hold highs and quickly rolled over — a classic failed breakout. Now hovering around 2,327 with heavy sell-side pressure (~83% asks in the order book), the imbalance is clear: sellers are in control, buyers are thin.
A confirmed break below 2,282 could accelerate downside momentum fast.
Stay sharp and manage risk — this level is key.
ETH
2,286.74
-1.43%