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$ETH Current price is 1,992 USDT. Do you think this is just a trap to lure more buyers, or is a pullback already underway?
My personal view leans toward: a push higher first followed by a shakeout
Reasons: $ETH
- The buying momentum isn't strong enough; there's still some room to break upward
- Divergence at high levels is starting to widen, making a short-term shakeout more likely
- Using a 15-minute structure, confirmed on the 5-minute, with the 1-minute only for fine-tuning entry points. No 1-minute break without 5-minute confirmation.
Suggested entry price: 2,008 USDT
Estimated target price: 1,889 USDT
Stop-loss reference: 2,056 USDT
But the biggest risk at this level is that the bears haven't gained momentum yet and could be squeezed out first.
Which side are you on? Bullish / Bearish / Wait and see?