$ETH Liquidity fell after inflow. Ethereum reached a daily high of about $3,148, with liquidity breaking through a high of about $3,135. My bearish inclination remains unchanged, and the ultimate target is still the weak monthly opening price of about $2,970. Today's trading may present good shorting opportunities. I believe the best shorting time was this morning, but if liquidity breaks through the daily highs of about $3,124 and/or about $3,150, additional entry points may also appear. When liquidity breaks through one of these highs, I will watch whether the market structure is broken on the 15-minute or even 5-minute charts as a timing for entering short positions. My ultimate target is the weak monthly opening price, and I will set two take-profit points in between. Today is Friday, so I expect there won't be a break of the monthly opening price this week. If a break occurs, it is likely to happen on the next weekly candle. Let's see if any trigger signals appear today.

ETHUSDT

Perp

2,964.81

-0.32%