$ETH Trade Signal
Pair: ETHUSDT (Perpetual)
Current Price: $1,601.09
Change: +1.42%
Position: SHORT
Entry Price: 1670 (Enter at this level)
On the 1-hour chart, ETH is forming an ascending triangle pattern. From a technical analysis perspective, it’s likely to retest support and move downward.
On the 24-hour timeframe, the Coinglass liquidation heatmap shows significant liquidity above the current price. Once ETH grabs that upside liquidity, a downward move is expected.
Short-Term Bias: Bearish on ETH and other altcoins
Leverage: 10x (Isolated)
Stop Loss: 1730
Targets:
1. 1630
2. 1590
3. 1550
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