$ETH

Ethereum ($ETH) Trade Setup: Potential Short Opportunity

Here's a focused look at the current Ethereum (ETH) price action and trade plan as of today:

Quick Overview:

Current Price: $1,771.33

Entry Zone: $1,770 – $1,775

Targets:

TP1: $1,752

TP2: $1,735

Final Target: $1,710

Stop Loss: $1,790

Key Technical Insights:

A break below the ascending trendline signals growing market weakness.

If buying pressure doesn't return swiftly, sellers may drive the price towards lower key support zones.

Strategy Summary:

This setup suggests a short opportunity if the price holds under the entry zone and momentum favors the bears. Tight stop-loss management remains critical, considering crypto's inherent volatility.

I’m sharing this analysis as part of my content for the Binance Square Write to Earn program, committed to delivering actionable trade setups and clear market insights.

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