ETH supply zone rejection at 1,750 — shorts loading!
🔴 $ETH - SHORT
Trade Plan: Current Price: ~$1,726.82
Entry Zone: 1,690 - 1,750
SL: 1,820
TP1: 1,620
TP2: 1,520
TP3: 1,420
Ethereum is rejecting hard from the multi-month supply zone capping rallies since April, with price failing to hold above the 50-day MA. Our Entry Zone box perfectly aligns with the order block and previous institutional sell area around 1,690–1,750. The chart displays lower highs and hidden bearish divergence, confirming seller control. The solid red SL line protects above the 1,820 swing high, while the green TP lines target the unfilled FVG at 1,620 and deeper demand zones at 1,520–1,420. The large glowing red downward arrow emphasizes the high-probability continuation path.
Will you take partials at TP1 or let it run to the 1,420 demand zone?
Click below for trade 👇
DYOR & manage risk!$
