Token : $ETH
Signal : SHORT
Ethereum (ETH) is currently in a consolidation phase and showing signs of weakness above the Value Area High (VAH) on the volume profile — a region that typically signals overextension when price lacks strong momentum. With Bitcoin holding at key resistance and facing potential downside pressure, ETH’s elevated position above VAH could become increasingly vulnerable. If BTC begins to retrace, it's likely that ETH will follow suit and move back toward its support zone. Given this context, I’m opening a short position on ETH, anticipating a pullback to more volume-supported levels. Risk is managed tightly in case of invalidation, but the setup aligns well with broader market structure and volume dynamics.
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USDT Dominance is starting to show notable strength, which often signals increasing risk-off sentiment among market participants. As traders move into stablecoins, it suggests caution is building across the board — a typical precursor to downward pressure on crypto prices. While the broader trend remains intact for many assets, this uptick in USDT.D hints at a potential short-term correction in the market. I expect any dip to be temporary rather than the start of a larger reversal, but it could offer attractive entries for those waiting on the sidelines. Keeping a close eye on BTC and ETH as this unfolds.
Trade setup (don't take entry without proper money management skill and support)
entry - 2660
tp- 2580
sl- 2590
this one is a risky trade dont trade without proper trading and money management knowledge.
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