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📉#ETH SHORT📉
🎢 Ethereum on the 4-hour timeframe has quite a bit of movement above, gathered liquidity, but lacked the strength to hold. Currently, we see that each upward impulse is immediately absorbed by sellers, and the small recent rise is just a return to the IMB zone without real prospects for continuing the rally.
📉 The price is literally squeezed below the resistance level, and the volumes honestly tell us that buyers are currently resting. If we stay below this zone, we expect a move down to the target of 2218, and then to the 2170–2155 range, where interesting money is hiding.
🛡 Of course, if we close above the last high, this bearish scenario will have to be canceled, but for now, everything indicates pressure from the bears.
Ticker: ETH
Trade type: Short (Sell)
Targets: 2218, 2170–2155
Cancel level: Close above the last high
📉 Sellers are actively suppressing any attempts to rise, preventing the price from consolidating above the local structure.
🎯 The main targets for decline are at 2218 and in the 2170–2155 zone.
📊 Current trading volumes confirm the lack of strength among buyers at the moment.
⚠️ The bearish scenario will only be canceled if there is a confident close above the last high.
$ETH