📉 Headline: ETHEREUM ALERT: The $2,800 “Resistance Wall” is Holding! Next Stop $2,200? 📉
Analysis:
Despite the recent market noise, $ETH is struggling to flip the $2,800 heavy supply zone into support. Our institutional heatmaps show massive sell orders stacked at this level. This looks like a classic "Distribution Phase" where big players are offloading their bags before the real flush.
The 4H chart confirms a Bearish Divergence , and with the current lack of buying volume, the path of least resistance is now DOWN .
My Targets for the Swing Short:
Target 1: $2,550 (Partial Profits) 📉
Target 2: $2,380 (Secure the Move) 📉
Target 3: $2,200 (Major Demand Zone) 📉
Reasoning:
Supply Zone Rejection: ETH has failed 3 times to break above $2,820. This is a clear sign of exhaustion.
Bearish Divergence: RSI is making lower highs while price tries to push up—a textbook signal for a trend reversal.
Liquidity Void: Below $2,500, there is a massive volume gap that needs to be filled. Expect a fast move once $2,650 breaks.
Strategy:
We are building a Swing Short position.
Entry: $2,700 - $2,800 (Layered entries)
Leverage: 50x (Cross)
Risk: Strictly 1% of your portfolio.
Stop Loss: $2,920 (Daily Close confirmation).
Don't catch a falling knife. Trade the data, not the emotions. 🎯
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