Token : $ETH
Signal : SHORT (scalp)
ETH is showing signs of weakness as Bitcoin approaches a key resistance level, and USDT.D (Tether dominance) is on the rise—often a signal of increased caution and potential risk-off sentiment in the market. This combination suggests that capital may be rotating out of altcoins, putting downward pressure on ETH. The current price action looks vulnerable, and I’m expecting a possible drop back to the $2,460 level. Based on this setup, I’ve entered a short scalp on ETH, targeting a quick move to that support zone. Tight stop in place, keeping it short and tactical. Let’s see how this plays out.
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Trade setup :
Entry : 2520
exit : 2460
stop loss : 2555