📊 ETH 3H Chart Analysis & Trade Setup
Current Situation
* ❇️Price Zone: ETH is sitting in a long-awaited resistance zone (~$4,080–$4,150).
* ❌Daily Chart Risk: If ETH closes below $4,100 on the daily, it would confirm weakness.
* ‼️Market Psychology: The rally to this level could be a liquidity grab (stop hunt) rather than the start of an easy bull run.
🐻📉Bearish Bias
* ❇️Reasoning:
* Price structure shows potential Head & Shoulders on the 3h chart.
* Strong resistance + declining momentum indicators (RSI flattening, volume divergence).
* Similar patterns in past cycles here led to sharp pullbacks.
* 🚀Targets:
1. $3,900 – First major liquidity zone & prior support.
2. $3,700 – Stronger demand area, aligns with Fib retracement from last swing low.
* ⭕️Stop Loss: Above $4,160–$4,180 (recent swing high).
* ⭕️Invalidation:
* 1h or 3h candle closes above $4,150 and sustains.
* Break above recent high = close short to avoid losses.
❇️Trade Setup
📊Short ETH near $4,080–$4,120
* Entry: $4,100
* Stop Loss: $4,180
* Take Profit: $3,900 (partial), $3,700 (full)
* Risk/Reward: ~1:2.5
⚠️Risk Note: This setup assumes BTC doesn’t breakout strongly — if BTC pumps hard, ETH shorts could be squeezed.
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