Chart for $ETH on the 4-hour timeframe (Binance), the price has experienced a sharp breakdown below a consolidation range around $1,980–$2,000, with increasing bearish volume and a clear rejection at prior support, indicating continued downside momentum from highs near $2,100.
Short Signal:
Entry:
Short at market (~$1,961)
Stop Loss: $1,980 (above breakdown level for invalidation)
Take Profit Targets: $1,920 (initial), $1,850 (extended)
Risk/Reward: Aim for 1:2 minimum; risk 1% of capital
Rationale: Bearish impulse with volume confirmation; potential retest of $1,970 as resistance before further drop. Monitor broader market sentiment.
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ETHUSDT
Perp
2,052.39
+6.14%