$ETH / USDT 5 min trade setup

Market Snapshot:

Current Price: $2,328.91

24H High: $2,490.77

24H Low: $1,937.74

24H Range: $553.03

Volume ($ETH ): 2.08M

Volume (USDT): 4.58B

24H Change: +20.19%

(Massive rally in a short time frame; likely profit-taking zone forming)

Chart Analysis (5-Minute Timeframe):

1. Recent Price Behavior:

$ETH hit a local peak of $2,490.77 and then faced strong selling pressure.

Price dropped and is now consolidating around $2,328, below the 7 EMA and 25 EMA — suggesting short-term bearish sentiment.

2. Moving Averages:

MA(7): $2,334.33 (short-term)

MA(25): $2,377.17 (medium-term)

MA(99): $2,267.86 (longer-term support)

Price is currently below MA(7) & MA(25) but still above MA(99) — a signal of potential short-term correction inside a larger bullish trend.

3. Volume Analysis:

There was high volume on the upward rally, followed by declining volume as the price corrected — a sign that buyers are resting and sellers are testing support levels.

**Trade Plan: Short Position (Sell)**

**Entry Price (Sell)**:

$2,328.91 (current market price)

**Take Profits**

:

1. TP1: $2,267

2. TP2: $2,205

**Stop Loss**:

$2,385

Above the recent lower high candles and the 25 EMA

Extra Tip:

If price breaks below $2,267 with high volume, you can trail your stop loss just above new lower highs to protect profits while riding the move toward TP2.