$ETH — Selling Pressure Returns, Short Setup
Ethereum has clearly broken below the $2950–$2937 support zone, with sellers back in control. The recent attempt toward $3000 was rejected, and price failed to hold higher levels. This confirms the upward move was only a short-term bounce.
Short Trade Setup:
Entry Zone: $2935 – $2950
Stop-Loss: $2980
Targets: TP1: $2905 | TP2: $2875
Scalp trade idea: Use 20x–50x leverage with 1%–5% margin. Take partial profits at TP1 and move stop-loss to entry to protect gains.
Continuation lower is favored as long as ETH stays below $2950 resistance. A reclaim and hold above $2950 would invalidate the setup.
ETH
3,039.92
+4.38%