š $ETH ā High-Conviction Short Trade Setup (Bear Bias)
Eth recently attempted a recovery bounce from 3,142, but the move is showing clear weakness. Buyers pushed price into the 3,260+ zone but failed to sustain momentum, forming a lower-high structure on the 1H timeframe. The candles now reflect hesitation and loss of strength, signaling a likely bearish continuation.
Technical Analysis
$ETH is still in a downtrend on the 1H, with lower highs forming after every bounce.
Volume is declining on the upward move ā a sign of weak buyer conviction.
RSI is flattening near mid-range, showing no bullish strength.
The large rejection wicks above 3,260ā3,270 show strong selling pressure from bears.
Sentimental Analysis
Traders are turning short-term bullish due to the bounce ā perfect scenario for bears to trap late buyers.
Social sentiment is optimistic but shallow, lacking strong conviction.
Market chatter shows people expecting upside continuation, while liquidity below remains untouched
ideal for a liquidity sweep to the downside.
Fundamental Perspective
No major Ethereum catalyst is present to support a stronger reversal.
Broader macro conditions are uncertain, which typically puts pressure on high-beta assets like ETH.
Funding rates across exchanges are slightly positive, showing excessive long interest, which often leads to bearish corrections.
All fundamental, technical, and sentiment signals align toward bearish continuation.
Key Levels
Resistance Zones:
ā¢ 3,260 ā 3,272
ā¢ 3,310 ā 3,330
Support Zones:
ā¢ 3,195 ā 3,205
ā¢ 3,145 ā 3,155
Short Trade Plan
Short Entries:
ā¢ 3,245
ā¢ 3,265
Take Profit Targets:
ā¢ TP1: 100%
ā¢ TP2: 200%
ā¢ TP3: 300%
Stop Loss:
ā¢ 3,315
Bear View Summary
ETH is forming a textbook bearish retest after a failed bounce. Momentum is fading, resistance is holding, and liquidity sits below current price. Unless $ETH breaks cleanly above 3,315, this remains a pure short setup ā no long signal at all.
More precision setups coming.
