$ETH rejecting range highs — premium supply doing its job

ETH just swept local highs and ran straight into a well-defined resistance band. The move lost momentum on entry into premium, and divergence is now visible — classic exhaustion after a liquidity grab.

As long as ETH remains below the range high, the higher-probability play is mean reversion back toward mid-range and range lows. Bulls failed to get acceptance above resistance, and sellers are defending aggressively.

Short $ETH (ETHUSDT Perp)

Entry (EP): 2120 – 2125

Stop Loss (SL): 2240

Targets (TP):

• TP1: 2050

• TP2: 1950

Bias & Logic:

– Liquidity sweep above local highs

– Strong rejection from premium supply

– Momentum divergence signaling buyer weakness

– Range structure intact → fade the highs, target reversion

As long as price stays below the range high, shorts remain favored. Acceptance above resistance invalidates the setup — until then, patience pays.

Trade $ETH here 👇

ETHUSDT Perp

Current Price: 2132.07

+0.94%