Let’s analyze the $ETH 1 day chart

### Chart Analysis:

- **Current Price**: $2,663.89

- **Recent Trend**: The price has seen a sharp upward spike after a period of consolidation around $1,800–$1,900, reaching a high of $2,804.39 before pulling back slightly.

- **Support and Resistance**:

- Resistance: Around $2,804.39 (recent high).

- Support: Around $2,309.36 (a minor pullback level) and stronger support near $1,814.33 (previous consolidation zone).

- **Volatility**: High, given the recent spike and pullback.

- **Risk Profile**: Medium risk suggests we aim for a balanced risk-reward ratio (e.g., 1:2) and avoid overly tight stop losses.

### Short Trade Setup:

For a short trade, we expect the price to drop after the recent rally, potentially due to profit-taking or a correction.

1. **Entry Point**:

- The price is currently at $2,663.89. Given the recent high at $2,804.39 and a slight pullback, we can enter a short position near the current price, assuming a correction is likely.

- **Entry**: $2,663.89 (current price, assuming a rejection or continued pullback).

2. **Take Profit (TP)**:

- The nearest support level is around $2,309.36, which could act as a target for a short-term correction.

- **Take Profit**: $2,309.36

- This gives a potential profit of $2,663.89 - $2,309.36 = $354.53 per ETH.

3. **Stop Loss (SL)**:

- For a medium risk trade, we place the stop loss above the recent high to account for potential volatility but not too far to keep the risk manageable.

- The recent high is $2,804.39. Adding a small buffer for volatility, we set the stop loss at $2,830.

- **Stop Loss**: $2,830

- This gives a risk of $2,830 - $2,663.89 = $166.11 per ETH.

### Risk-Reward Ratio:

- Risk: $166.11

- Reward: $354.53

- Ratio: $354.53 / $166.11 ≈ 2.13:1 (favorable for a medium-risk trade).

### Summary:

- **Entry Point**: $2,663.89 (short)

- **Take Profit**: $2,309.36

- **Stop Loss**: $2,830

- **Risk-Reward Ratio**: ~2.13:1