Is ETH about to plummet? Selling pressure is immense, and the 2500 support is in jeopardy. Act quickly to short for hedging!
Currently, ETH is in a weak consolidation phase, with significant selling pressure (buy/sell ratio 1.81x). The shrinking trading volume indicates a lack of upward momentum. Technical analysis shows the price is below MA200 and holding cost, with the Bollinger Bands positioned at 71% near the upper band, indicating a short-term bearish outlook towards the 2500 support. It is recommended to short at 2530, with a stop loss at 2540 and a target of 2500, resulting in a risk-reward ratio of 3.0. Risk: Insufficient liquidity or a sudden rebound may trigger the stop loss; position size should be controlled within 2%, avoiding low liquidity periods in the Asian session.
Technical Analysis:
1. Price Status: Bollinger Bands position at 71.44% (near upper band 2550), indicating overbought correction pressure; MA200 (2607) current price is -2.96% below, indicating a weak medium-term trend; holding cost (2570) current price is -1.56% below, leading to increased selling pressure from holders.
2. Market Strength: 24-hour trading volume ratio 0.417 (below average), indicating unsustainable volume increase; open interest has been declining (e.g., 24h -0.38%), with negative fund flow (net flow -61.95k), smart money long-short ratio decreased to 3.37, with bears in control; no major news, sentiment is neutral to bearish.
3. Key Levels: Support at 2500 (buy-side liquidity accumulation area), resistance at 2550 (Bollinger Bands upper band); liquidity gap: sell orders concentrated at 2534-2545 (valued at 774k USDT), with nearby sell orders totaling 4.69 million USDT, making it prone to a short-term breakdown.
Market Cycle Analysis:
In a mid-bear market consolidation, the price is below key moving averages, with continuous capital outflow, indicating a weak trend.
Trading Strategy:
• Direction: Short
• Entry Point: 2530 (current price, encountering resistance selling pressure area)
• Stop Loss Point: 2540 (upper resistance level)
• Target Point: 2500 (support level)
• Risk-Reward Ratio: 3.0
• Risk Warning: If the price breaks 2540 or if there is macro-positive news, the strategy will be invalid; position size ≤2%, avoid low liquidity valleys.
Like and follow for real-time updates, and feel free to leave comments to discuss strategy details!
