Ethereum (ETH) Bearish Trade Setup – High-Probability Short Opportunity
Current Price: $2,524 (bearish momentum, -7.58%)
Key Levels:
Resistance: $2,658 (stop loss level)
Support: $2,371 (initial target), $2,294 (secondary target)Short (Sell)
Entry Zone: $2,500 – $2,550 (retest of breakdown level)
Take Profit (TP1): $2,371 (immediate support)
Take Profit (TP2): $2,294 (next major demand zone)
Stop Loss (SL): $2,658 (above recent swing high)
Risk-Reward Ratio: 1:3+ (e.g., $150 risk vs. $450+ reward)
Trade Execution Strategy:
Enter Short on a pullback to $2,500–$2,550 (confirmation of rejection).
Partial Close (50%) at TP1 ($2,371) to lock in profits.
Trail Stop Loss for remaining position to breakeven if TP1 hits.
Final Exit at TP2 ($2,294) or if price shows reversal signals (e.g., bullish engulfing, RSI divergence).
Critical Risk Management:
If ETH breaks above $2,658, exit short (invalidates bearish thesis).
Watch for sudden volume spikes – could indicate a reversal.
Alternative Scenario (If Support Holds at $2,294):
If ETH bounces strongly from $2,294, consider a long reversal trade with TP at $2,450–$2,500.