ETH UPDATE
SHORT
Price: 1774
(Enter on entry price)
(ETH) has broken down below its trendline support, signaling potential further downside. A retest of the broken trendline is expected, which could offer a safer short entry opportunity. It's advised to wait for the retest before entering and to avoid using high leverage.
Looking at the Binance liquidation heatmap on Coinglass, there's significant liquidity below the current ETH price, supporting a bearish outlook. Proper risk management and position sizing are essential—always prioritize capital preservation.$ETH