$ETH / USDT — Daily Trend Overrides the Bounce Narrative
While short-term traders are positioning for a bounce, the daily chart continues to signal weakness. Broader structure remains bearish, and recent upside attempts look corrective rather than impulsive.#ETH
Price is compressing near a key 4H execution zone (~2913), where failed acceptance would favor continuation lower. With ATR expanding, conditions are set for a decisive move.
SHORT Setup:
Entry: 2906.11 – 2919.91
Stop Loss: 2954.41
Targets:
• TP1: 2871.62
• TP2: 2857.82
• TP3: 2830.22
Why this setup works:
Daily trend remains firmly bearish, outweighing intraday noise
Price is coiling at resistance, not breaking through it
Volatility conditions support follow-through once direction resolves
The key question:
Is this a final liquidity shakeout — or the pause before continuation toward 2871 and below?
Structure decides. Execution matters.#Mag7Earnings #ETH #SouthKoreaSeizedBTCLoss