$ETH

Retracing yesterday’s breakout candles is a sign of weakness, but it's still not the right place to open shorts. The EMA50 remains strong support until proven otherwise. If the price breaks below the EMA50 and the $2,580 S/R level, that would be another clear sign of weakness, and I’d look to short with a target around the low $2,200s.

There’s still a chance for the EMA50 to hold again, but the risk reward isn’t favorable for longs here.