$ETH

  1. The parabolic uptrend has broken, and ETH is testing the previous monthly resistance at $3,763.

  2. If price fails to reclaim the monthly level and continues to range below it, expect a sideways range to form between $3,760–$3,850 (red box) and local support zones.

  3. The short trigger is a sweep of the range high (top of the red box) followed by rejection or failure to hold above $3,850.

  4. If price confirms a failed sweep, a short position can target the 1D FVG zone around $3,460, with the next possible target at $3,310.

  5. Invalidation: A strong reclaim and acceptance above $3,850 invalidates the short idea — switch to neutral or bullish bias in that case.



The setup follows a classic pattern after a parabolic run: momentum stalls, a range forms, and liquidity is swept at the range top before a correction. Sellers are likely to step in if price fails to establish new highs above the red zone. Downside targets align with major FVGs and previous breakout areas, providing logical levels for profit-taking.

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