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#GateSquareAprilPostingChallenge ETH experienced a strong rejection from recent highs, with sellers stepping in after a liquidity grab above resistance. The price action shows weakening structure, forming a clear lower high, which suggests bearish momentum and potential for further downside.
Over the past 24 hours, ETH traded between 2415.50 (high) and 2302.90 (low), showing notable volatility. The current price is around 2328.33, reflecting a move lower from the highs and aligning with the post’s bearish outlook.
3. Trade Setup Summary
Entry Point (EP): 2320 – 2350
Take Profits (TP): 2290, 2250, 2200
Stop Loss (SL): 2380
The post suggests a short setup, targeting lower levels as liquidity has been taken and the structure is tilting bearish.
$ETH is showing signs of weakness after a failed breakout, with price action and volatility supporting a bearish bias as outlined in the post.