📉 $ETH Under Pressure: The "Descending Lip" Trap
Ethereum is suffocating under a falling resistance edge. Every attempt to probe higher is met with fast rejection and thinning volume. The price is currently folding back into the same pocket, unable to hold any ground. I’m leaning into the weakness here.
⚡ Short-Term Strategy (SHORT)
Entry Zone: $1,960 – $2,015
Stop Loss (SL): $2,050 (Exit immediately if it sits above the line)
Targets (TP): $1,900 | $1,840 | $1,760
🔍 Market Sentiment
Movement is shrinking and the setup remains unresolved, but the constant overlapping candle bodies suggest a lack of conviction from buyers. I am pressing the short with reduced risk, waiting for the "bleed" to accelerate as institutional support wavers.
By: Nabiha Noor
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#ETH #Ethereum #CryptoAnalysis #TradingSetup #BinanceSquare