🚨 Could Ethereum Be Heading Lower?
I know this might sound extreme, but I’m currently bearish on $ETH in the short term.
📉 Trade Setup:
• Position: Short ETH
• Entry Zone: Current levels
• Take Profit: $1,590
• Stop Loss: $1,760
Now let's look beyond the trade.
Ethereum lost the important $2,120 support level nearly two weeks ago, and so far buyers haven't managed to reclaim it. The market structure remains weak, while a large amount of leveraged long positions are still open.
This means there is significant liquidity sitting below current prices, especially around the $1,350 region. Markets often move toward liquidity, which is one reason I'm staying cautious.
A lot of people are still calling for aggressive dip-buying, but risk management matters more than blind optimism. In uncertain market conditions, taking profits and protecting capital can be more important than chasing every bounce.
My view remains bearish until Ethereum shows a stronger recovery and reclaims key resistance levels.
📌 Save this post and let's revisit it in the coming weeks.