The big one is coming! This week’s Ethereum trend will be very critical!

ETH is currently standing on the life-and-death line at $2,300.
This level is very important.
Hold it, and there’s a chance for a short-term rebound to around $2,380.
If it can’t hold, $2,221 is the key Fibonacci support below, and a break below that could see it drop to $2,150.
But my choice is very clear:
In this wave, I am short.
The reason is simple.
From May 5 to 13, exchange ETH reserves surged by 623k coins, while large holders reduced their holdings by 390k coins — what does this mean? It means the main players are quietly offloading, retail investors are buying in.
The 50-day and 200-day moving averages are both creating resistance around $2,335, and ETH’s current price is $2,292, struggling below these two averages, with a death cross structure not yet repaired. CoinGecko
The ETH/BTC ratio has fallen 16% this year; for every one cent Bitcoin rises, Ethereum is relatively depreciating, with no signs of capital switching.
Although ETH appears to be sideways around $2,300 on the surface,
the more this "cannot go down" trend persists,
the easier it is for a single bearish candle to wipe out the chasing longs.
My trading plan:
Entry: Gradually short at $2,290–$2,330
Stop loss: Above $2,380
First target: $2,220
Second target: $2,180
Extreme target: $2,150
ETF funds net outflow during the same period was $130.6 million, and although futures funding rates are positive, they are narrowing — bullish momentum is running out. Coinpedia
Once the direction at this level is chosen correctly, the profit potential can be very significant.
⚠️ The above is my personal trading idea, not investment advice. Please manage your risks carefully.