Bearish Pressure Building! Caution on ETH Longs ⚠️
#ETHUSDT : Breakdown Risk to $2450! Strategic Short Opportunity"
- Price Action: ETH at $2497.96 (+0.73%), trading BELOW key MA(7)=2507.32 & MA(25)=2520.87 → Resistance overhead.
- Momentum:
- STOCHRSI (17.94) < MA (22.64) → Oversold but weak.
- RSI(6)=36.25 (bearish bias).
- MACD=-8.81 (DIF < DEA) → Strong bearish momentum.
- Volume: OBV=-2.36M (massive distribution/selling).
- Order Book: 55.5% bids vs. 44.5% asks → Trapped buyers near $2497.
- Macro Trend: -2.78% (30D), -32.02% (180D) → Bearish dominance.
Trade Strategy:
✅ Entry:
- Aggressive Short: $2495-2500 (current zone).
- ldeal Short: $2510 (retest of MA(7) resistance).
🎯 Take Profit:
- TP1: $2480 (immediate support)
- TP2: $2450 (next liquidity zone)
❌ Stop Loss: $2525 (above 24h high and MA cluster).
#ETH #Bearish #Crypto #Trading
Sell rallies targeting $2450. Exit if MACD flips green or price reclaims MA(7).