Current Price: $2,451.3
Resistance Zone: $2,559 – $2,674
Support Zone: Around $1,710
Market Bias: Bearish
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📌 Overview:
Ethereum is currently testing a major resistance zone between $2,559 and $2,674. This zone has historically acted as strong rejection, indicating potential seller dominance in this area. Multiple failed attempts to break above this level suggest a possible short opportunity.
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📉 Trade Setup:
Short Entry: Near current price or on confirmation below $2,444
Stop Loss: Above $2,674 (above resistance zone)
Take Profit 1: $2,240.7 – Minor support level
Take Profit 2: $1,973.2 – Medium-term target
Final Target: $1,710.5 – Strong support zone and potential bottom
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🧠 Technical Notes:
Price has formed a consolidation range just under resistance.
Strong bearish engulfing pattern seen on lower timeframes.
Breakdown from the highlighted zone could trigger a sharp move downward.
Risk-to-reward ratio favors short position if price fails to reclaim above resistance.
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🚨 Risk Management:
Only enter with confirmation (e.g., 4H candle close below $2,440). Adjust position size based on your risk tolerance. Monitor for any invalidation signs such as strong bullish breakout above $2,674.
Resistance Zone: $2,559 – $2,674
Support Zone: Around $1,710
Market Bias: Bearish
---
📌 Overview:
Ethereum is currently testing a major resistance zone between $2,559 and $2,674. This zone has historically acted as strong rejection, indicating potential seller dominance in this area. Multiple failed attempts to break above this level suggest a possible short opportunity.
---
📉 Trade Setup:
Short Entry: Near current price or on confirmation below $2,444
Stop Loss: Above $2,674 (above resistance zone)
Take Profit 1: $2,240.7 – Minor support level
Take Profit 2: $1,973.2 – Medium-term target
Final Target: $1,710.5 – Strong support zone and potential bottom
---
🧠 Technical Notes:
Price has formed a consolidation range just under resistance.
Strong bearish engulfing pattern seen on lower timeframes.
Breakdown from the highlighted zone could trigger a sharp move downward.
Risk-to-reward ratio favors short position if price fails to reclaim above resistance.
---
🚨 Risk Management:
Only enter with confirmation (e.g., 4H candle close below $2,440). Adjust position size based on your risk tolerance. Monitor for any invalidation signs such as strong bullish breakout above $2,674.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.