📉 Technical condition in the 4H frame:
$ETH is facing a strong resistance area around $2,735 – $2,745
This area has been touched three times and rejected, creating a clear sideways range pattern
Price is still above the Ichimoku cloud – bullish bias is still present
MACD has just crossed up, histogram is green – momentum is increasing but not too strong yet
Volume is stable but not explosive – be cautious of fake breakouts
🔍 Potential trading strategy:
Enter short if there are reversal signals around the $2,735 – $2,745 range
Take profit around the levels: $2,640 / $2,580 / $2,500
Set stop loss if the price closes above $2,770 with high volume (true breakout)
💡 In the case of a true breakout above $2,745:
Consider lightly chasing the buy, take profit around $2,900 – $3,020
Set stop loss below $2,700
⚠️ Warning:
ETH is moving sideways in a narrow range, buying power is not dominant
Breakout or fakeout will be clear in the next 1–2 sessions
Do not FOMO if there is no confirming candle with large volume
🧠 Personal perspective:
ETH is still being 'pressed down' by a strong resistance area
If it continues to be rejected again, the possibility of a retest back to the lower cloud around $2,600 is quite high
I am leaning towards a short position in the short term, waiting for a clear signal to enter strongly
🔥 If you are waiting for a breakout to get on board with ETH, you should wait for a clear signal. Don't let yourself be misled by the end-of-month trap of the sharks! 🦈
#dolugcrypto #ETHSignals #SidewayTrap #BearishBias #IchimokuView
