$ETH #ETH

#ETH Analysis

Currently, two levels of resistance are forming on the chart, and we have approached one of them at a price of 2570. The accumulated liquidity from below confirms the possibility of a short position. The target is the first support level at 2214.

On the hourly chart, we can observe a reaction to this level, confirming the activity of sellers. This creates a good opportunity to open a short position.

Recommendations:

Entry at current prices: 2538.

Exit from the trade: 2225 (at a minimum, close 50% of positions).

If the price closes above 2570 on the 4-hour chart, the next target will be the level of 3000, and from this level, we will monitor the market's further reaction.

Don't forget to manage risks and use stop-losses❗️

Allocate no more than 3% of

your deposit to the trade❗️

Author @danilyashchuk