ETH Short Position Setup!

Entry Range: 2420 — 2450
This range is the current strong resistance zone above ETH, where multiple attempts to break through have failed, bulls are struggling to push higher, and trading volume continues to shrink. It’s an excellent opportunity for bears to enter.
Whether the market makes a slight rally or consolidates sideways, as long as it touches this zone, it’s an ideal entry point for shorts. Enter in batches, dilute the cost, and maximize the advantage of entry.

Profit-taking targets: 2385 → 2330 → 2250
Staggered profit-taking, gradually harvesting profits, not fixated on a single target, steady and reliable:
First target 2385, a short-term retracement level, take some profits off the table first to lock in safety;
Second target 2330, the key support level after the continuation of the bearish trend, further amplifying profits;
Ultimate target 2250, the critical downside level of this bearish cycle. Once broken, the downward space opens fully, holding on will be a big gain.

Stop-loss defense: 2463
Risk control is always the first rule of trading. 2463 is the life-and-death line of this bearish logic.
If the price strongly breaks through this level, it indicates the bearish logic has failed, and bulls regain control of the market. Cut losses decisively and exit, never fight the trend, preserve capital, and wait for the next opportunity.

Currently, the market’s bulls and bears are in intensified struggle, with heavy selling pressure above ETH. Any rebound is an opportunity for bears.