Analysis $ETH . The 2,734 USD level has rejected the price 3 times in 1H chart, confirming a high supply zone.
On lower time frames (5m/15m), reversal patterns (e.g. double top) and bearish divergences in indicators (RSI/MACD) are observed.
Possible sell trade with stop loss above 2,734 USD and profit taking targets at 2,600-2,550 USD.
Consider selling if the price touches 2,734 USD and forms rejection candles (pin bar, doji) with decreasing volume. Breakout of Support: Sustained drop below $2,680 with increasing volume.
-Do not anticipate: Wait for technical confirmation.
- Combine with volume analysis and indicators to reduce false signals.
Strategy $ETH
- Entry at $2,730-2,734 after rejection.
- Stop Loss: 2,745-2,750 USD.
- Target: 2,600 USD (TP1) and 2,550 USD (TP2).
Trade with discipline and prioritize risk management! 💡🚨
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