Wait… wait for a second guys!
Look at $ETH — it’s faking strength right into resistance… bears are getting ready to strike 👀
This is where smart traders look for traps — not breakouts.
Short $ETH
• Entry: $2,320 – $2,350
• Stop Loss: $2,400
Targets:
• TP1: $2,280
• TP2: $2,240
• TP3: $2,180
ETH is showing a clear post-rejection correction after failing to sustain above the $2,420 resistance zone. What initially looked like consolidation has now transitioned into a structured bearish move, with consistent lower highs forming on the 1H timeframe.
The recent drop is supported by rising sell volume, indicating that sellers are still in control. Unlike a “healthy correction,” this move lacks strong bullish reaction, suggesting that downside continuation remains the higher probability scenario.
The bearish bias remains valid as long as price stays below the $2,400 resistance zone. A clean breakdown and retest could offer the best risk-to-reward entry for the next leg down. Manage risk strictly and watch for confirmation before entering.
Trade $ETH here 👇🏻
