Is This a Safe Time to Short ETH?
Key Levels to Watch
Immediate Support: $4,000-$4,050 — crucial for holding the rally
Resistance Zone: Around $4,300–$4,350 — possible area for pullback or consolidation
Market Indicators & Sentiment
Bullish Momentum: ETH is up ~200% in the last 115 days and sits just ~15% below its all-time high. Historically, such setups have led to further upside in short order.
Institutional Demand: Reports suggest major buyers like Galaxy Digital are making ETH purchases, adding bullish fuel.
Technical Strength: One-day signals remain strongly bullish across moving averages and technical indicators.
Is Now a Good Time to Short ETH Futures?
Given the bullish momentum, institutional activity, and technical strength, shorting ETH futures right now carries high risk. This environment suggests potential for more upside rather than downside.
If you're considering a short position, it’d be much safer to wait for a confirmed breakdown below key support levels or signs of macro reversal.
Let me know your thoughts in comment.
NFA DYOR
