$ETH — Sellers maintaining downward pressure through repeated rejections at resistance levels on the 4H timeframe, with buyers unable to reclaim key EMAs or sustain rallies.
Bias: Short $ETH
Trade Setup
Entry: 2735 – 2750
Stop Loss: 2800
TP1: 2700
TP2: 2673
TP3: 2600
Market Insight
Price is reacting at a supply zone near the 1H pivot and below aligned EMAs on the 4H, confirming rejection and continuation of the lower-high structure amid seller dominance. The downside move shows impulsive traits backed by negative MACD histogram and price compression in the lower Bollinger band half, with weak demand absorption pointing to continuation over reversal; liquidity sweeps toward prior supports remain probable on breakdown below 2724. Invalidation occurs via clean acceptance and close above 2850 with volume, providing favorable risk-to-reward via stops above recent swing resistance and targets aligned with demand zones and extensions.
Watching how price reacts at this level, execution matters.
Levels based on structure and momentum, not prediction.