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Most traders think ETH is bottoming—our data says they’re about to get wrecked.
$ETH /USDT - SHORT
Trade Plan:
Entry: 1626.50 – 1633.68
SL: 1664.52
TP1: 1604.26
TP2: 1587.05
TP3: 1561.22
Why this setup?
• 4h chart screams SHORT with 95% confidence, 1D trend bearish.
• RSI on 15m at 67.43—overbought in a downtrend, classic rejection zone.
• Entry at 1630.09 with TP1 1604.26, TP2 1587.05—that’s a 2.6% drop before relief.
• Why now? Price is testing resistance near 1633.68, and ATR (14.35) suggests volatility is compressing for a breakdown.
Debate:
Is this the final flush to 1561, or will invalidation at 1623.61 trigger a fakeout?