๐ฅ $ETH
/USDT โ Eyeing a Short Setup as Bulls Show Weakness ๐ป
Ethereum is climbing back into a zone thatโs historically been a tough ceiling โ around 3623 USDT. Every time ETH touched this range, sellers took control and price fell hard. Now, it's entering again, but this time the bulls look tired. ๐
๐ง Why This Matters:
ETH is approaching a well-respected supply zone a price area thatโs caused sharp drops in the past.
Buyers look less aggressive this time, with weaker volume and no convincing push.
15-min chart? ETH is trading under the 50 EMA, and that EMA is now pointing downward โ a red flag for bullish strength.
Price is printing lower highs, failing to break resistance, and just tapping into a bearish order block.
๐ Trade Plan:
๐น Entry: ~3623
๐น Stop Loss: Just above 3640 (above this, structure shifts)
๐น Target: ~3309 โ a known demand zone where bulls stepped in strong before
๐น Risk-Reward: ~1:5 โ tight risk, strong reward if the rejection hits
โ ๏ธ Things to Keep in Mind:
If ETH closes above 3640, this short setup loses edge โ time to reassess.
Always use limit or stop orders โ ETH can move fast and trap late entries.
This is a short-term play based on intraday weakness. Bigger trend? Still bullish.
๐ฌ Final Thoughts:
ETH is walking into a familiar trap โ one where buyers usually lose the fight. If rejection kicks in again, this could be a clean short for quick hitters. Stay sharp, manage risk, and let the chart do the talking.
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