Price is sitting directly on a major decision point, so ETH is at a proper “either breakdown or reclaim” zone right now.
$ETH / USDT – SHORT
Trade Plan
Entry: $2,308 – $2,318
SL: $2,455
TP1: $2,260
TP2: $2,210
TP3: $2,150 (extended move if momentum builds)
Why This Setup?
4H Structure: ETH is struggling to hold above MA(99) which is currently acting as dynamic support around $2,311. Multiple rejections near $2,424.99 confirm strong supply zone overhead.
Price Positioning: Price is compressing right on support, meaning this is a high-volatility trigger area. Losing this level would likely unlock a fast move into lower liquidity zones.
Trend Context: Bearish structure still intact on 4H with consistent lower highs and weak recovery attempts from buyers.
Volume Behavior: Recent candles show fading bullish strength near resistance and no strong accumulation at support, suggesting sellers are still in control.
As long as ETH stays below $2,360–$2,380, downside continuation remains active with potential expansion toward $2,200 and below.
Debate:
Is ETH just accumulating before a breakout back to $2,500+…
Or is $2,300 about to break and confirm the next bearish leg?
Trade $ETH here 👇
