Yesterday BTC faked a breakout, ETH has had a relatively standard touch on resistance followed by a pullback.
Actually, I regret not going short when Ethereum broke below 2540 in the short term last night.
That level breaking proved the breakout was a failure, and I didn’t make a good plan for this.
If it rises to 2480-2500 tonight, it’s a good time to go short.
Around 2485 is near the level where support and resistance switch, as well as near the downward trend line pressure.
If it can get there, it’s a pretty good short entry point, with a stop loss above 2530.
