$ETH is showing strong downside momentum with sellers in full control.



Structure remains bearish and lower highs continue to confirm control.

EP
1,625 - 1,635

TP
TP1 1,610
TP2 1,590
TP3 1,560

SL
1,655

Liquidity below the recent lows remains the primary target. Price is reacting cleanly from lower-high resistance while bearish structure stays intact. Until key resistance is reclaimed, continuation toward lower liquidity zones remains favored.

Let’s go $ETH ‌
ETH-1.65%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • 2
  • Share
Comment
Add a comment
Add a comment
0xLateCoffee
· 4h ago
Lower highs are quite well-formed, but ETH has recently been strongly correlated with US stocks; pay attention to macro factors.
View OriginalReply0
LittleSunOfStainedGlass
· 4h ago
TP3 hitting 1560 is a bit aggressive, is there really that much depth in the liquidity below?
View OriginalReply0
ShortPositionsAtTheElevator
· 4h ago
I'm planning to wait on this one, feeling that liquidity is thin over the weekend and there's a high chance of a false breakout.
View OriginalReply0
0xPeachy
· 4h ago
Setting the stop loss at 1655 is reasonable, but it would be uncomfortable if it triggers a needle sweep loss.
View OriginalReply0
LatencyMonk
· 4h ago
The short position structure is indeed complete, but watch the trading volume carefully when entering around 1625; consider adding to the position if it breaks below 1610.
View OriginalReply0
  • Pinned