📉 $ETH
: Rejecting the Highs – Fading into Supply
The bulls are losing steam. While the market remains volatile, Ethereum is showing classic signs of exhaustion at the range highs. We’ve seen a clear sweep of local liquidity followed by a momentum divergence that suggests a mean reversion is imminent.
📉 The Short Setup
We are positioning for a fade from the premium supply zone, targeting the mid-range and lower liquidity pools.
Entry Zone: $2120 – 2125
Stop Loss (SL): 2240
Target 1 (TP): 2050
Target 2 (TP): 1950
🔍 Technical Rationale
Supply Rejection: Price tapped into a well-defined resistance band and failed to sustain the breakout, confirming "fake-out" price action.
Momentum Divergence: While price attempted a higher high, the RSI and volume failed to follow, indicating that the move was driven by low conviction.
Mean Reversion: As long as ETH remains below the range ceiling, the path of least resistance points toward the 2,000 psychological level and the range floor.
The Trading Floor Debate:
Are you playing the range, or do you think ETH has one more leg up left to burn the bears? Let’s hear your strategy below! 👇
Analysis by: Nabiha Noor
[Trade ETH/USDT Now ↗️]
Disclaimer: Leverage trading is high risk. Always use proper risk management.
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