$ETH (15-Min) Technical Analysis: High-Probability Long & Short Setups📊💥🚀
Ethereum currently trading near $1,972.5, and the tape is clearly leaning bearish. Price is down ~1.9%, but the real signal is the order book imbalance: Ask dominance ~97.7% vs Bid ~1.1%. On a low timeframe like 15 minutes, this is not “noise” — it’s active supply stacked above price, meaning rallies are more likely to get sold than extended.
From a structure perspective, ETH rejected the $2,019 area, then lost $1,983 support, turning that level into immediate resistance. Now the market is attempting to stabilize around $1,972, which is acting as the intraday line in the sand. If this floor fails, the next high-liquidity magnet is the $1,956 zone, where bids are more likely to defend.
Primary setup (high probability): short continuation. The cleanest entry is a breakdown + retest of the $1,972–$1,975 region, with invalidation above $1,986 (recent swing high / failed breakdown). Targets remain $1,956.8 first, then $1,940 as the extension and psychological round level.
A long is only justified as a counter-trend scalp if $1,956 prints strong rejection wicks and absorption. In that case, stops below $1,945 and mean reversion targets at $1,978–$1,989.
Key tip: if Ask dominance compresses sharply, sellers are exhausting — lock profits.
#DYOR #Write2Earn #ETHTradeSetup
