$ETH Short — current market read
Bearish positioning appears strong, with short-side activity already locking in significant profits (~$4.84M). Momentum is still leaning toward sellers, suggesting continuation risk on the downside if structure doesn’t recover.
Trade Bias: Short
Market remains under pressure, so short continuation can stay in play as long as resistance holds and no strong reclaim occurs.
But keep in mind: after moves like this, sharp squeezes can happen if liquidity flips quickly — so confirmation matters more than emotion here.
ETHUSDT
Perp
2,231.3
-2.64%