• Entry: 2,555 – 2,575
• Stop-loss (STL): 2,610 (close above the Kumo cloud + break above the retracement)
• Take-profit (TP):
• TP1: 2,490
• TP2: 2,435
• TP3: 2,370 (take profit gradually according to support volume profile areas and old lows)
⛔ Note: This is a short trend-following order. ETH is facing strong rejection at the thick Kumo cloud, unable to break through the large volume distribution area. Both MACD and Ichimoku signals agree that selling pressure is still dominant.
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🔎 Explanation of the suggested order:
1. Ichimoku:
• The price of ETH is being pushed out of the Kumo cloud from below, after unsuccessfully testing the upper cloud boundary.
• The front cloud continues to be red and thick, indicating that the downtrend is still maintaining stability.
• Tenkan and Kijun both clearly cut down, the price is currently below both lines ⇒ confirms a continuing bearish structure.
👉 If ETH cannot hold the range 2,500 – 2,490, it is likely to break the nearest low further.
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2. Volume Profile & Delta:
• The range 2,570 – 2,600 has a large volume (236.564K), but is being heavily sold with a negative Delta of -39.304K
• Previously, there was another strong negative Delta cluster at the bottom of -53.211K ⇒ confirms clear distribution.
• Currently, the price of ETH is sitting just below a large volume cluster, with a high chance of breakdown if there is not enough supporting cash flow.
⚠️ If it breaks below 2,490, ETH could quickly drop to the strong support area at 2,370.
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3. MACD:
• MACD has clearly cut down, the histogram has shifted from green to red steadily and deeply → confirms loss of upward momentum.
• The MACD and Signal lines are widely diverging, showing no signs of narrowing ⇒ the downtrend is still under control.
• Weak buying force, not enough resistance → not suitable for long orders.
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📌 Conclusion:
ETHUSD is currently in a clear downtrend, rejected from a large distribution area, with selling volume still dominant. MACD and Ichimoku confirm the medium-term downtrend. Shorting in the range 2,555 – 2,575 is a trend-following order, low risk if managed well, with deep TP potential if it breaks support at 2,490.
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🔖 #dolugcrypto – A trade in a downtrend, suitable for medium-term traders who prefer clear setups. Do not go full margin, break down entries, manage capital at 2% of the account.