Ethereum ($ETH) is showing weakness after it failed to maintain levels above the $2,600 resistance zone. With the price currently hovering around $2,533, there are signs pointing toward potential bearish momentum.
Suggested Short Position:
Entry Zone: Between $2,530 and $2,540
Initial Target: $2,500
Secondary Target: $2,445
Stop Loss: $2,570
Risk Guidance:
Invest only 2–3% of your capital on each trade. Stick strictly to your stop loss. Once the first target is achieved, consider adjusting the stop loss to lock in gains.
Stay cautious — bearish sentiment might gain control soon.
Claimed status: "Still bullish" with an upward price prediction in a few hours
Caution: This appears to be a speculative meme token post. High volatility and social hype can drive sharp price movements, but such assets are extremely risky. Always perform independent research and consider the risks before investing based on social media predictions.
Current Price: $106,936 BTC is currently retesting a major resistance zone ($107K) where price has previously been rejected multiple times. The structure remains bullish, and price has formed consecutive BOS (Break of Structure) indicating strong upside momentum. 🔹 But RSI is overheated, showing signs of possible short-term exhaustion.
If Breakout Above $109K: Expect a sharp move toward $114K - $118K - $120K+
If Rejection: BTC may pull back to $104K (minor support) $101.3K (major structure & EMA) $95.7K (strong demand zone)
Conclusion: BTC is at a decision zone. Breakout = fresh highs. Rejection = healthy pullback. Don’t FOMO. Wait for confirmation 🔍