$ETH – Short bias maintained

$ETH is showing signs of continued weakness across multiple timeframes:

The price remains below all key moving averages (MA7, MA25, MA99)

MACD is red or turning red on 1h and 4h charts

Buyer volume is declining — no strong bounce signals so far

Market data:

Open interest is increasing, signaling new positions opening

Top traders are mostly long, which opens room for a potential long squeeze

Futures basis is negative, confirming bearish sentiment

Key levels:

Resistance: $2,520 – $2,535

Support: $2,473 → $2,450 → $2,400

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Conservative short setup:

Entry: $2,504–2,508

TP1: $2,473

TP2: $2,450

SL: $2,520

Leverage: 5x

Note: Entry only if 15m candle closes below $2,500

Stay alert and manage your risk — weekend volatility is in play.