Most traders are still buying ETH at 1604—here’s why the data says they’re wrong.



$ETH /USDT - SHORT

Trade Plan:
Entry: 1599.92 – 1609.52
SL: 1650.82
TP1: 1570.14
TP2: 1547.09
TP3: 1512.52

Why this setup?
- 4h timeframe shows a 95% confidence SHORT signal, with 1D trend firmly bearish.
- RSI on 15m hit 71.05 (overbought) while price sits at 1604.72—classic exhaustion setup.
- ATR of 19.2 on 1h means volatility is tight; the breakdown to TP1 (1570.14) is the path of least resistance.
- Why now? Momentum is fading into resistance, not breaking out.

Debate:
Are you shorting ETH here or waiting for a reclaim above 1610?
ETH3.68%
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