$ETH

The trend is relatively weak. There is clear resistance at the 2400 level; after repeatedly testing it, price quickly pulls back. Selling pressure above is heavier, so the outlook leans toward a short-selling approach. The plan is to enter in batches within the 2365-2385 range. Once a pullback occurs, there is potential to move through a decent amount of space. On the smaller timeframe, a triangle convergence has formed; the needle has already appeared, and a turning-point is near. Structurally, the probability of a downside breakout is higher. Even if an upside wick temporarily lures buyers, it still leans more toward a pullback. In the short term, it’s possible to bet on a pullback.