Current $ETH has been holding sideways in the 1794 zone. On the 4-hour chart, the bullish trend is still intact, but the passive sell orders of 8.7K are pressing down on the 4.6K, the MACD momentum histogram is shrinking, and the resistance above 1800 is tough.

The liquidation map is clear: long positions are densely packed in the 1760 to 1780 range, while short positions are clustered in the 1810 to 1820 range. The main force will most likely first probe downward into 1760-1780 to liquidate those longs and “eat” a nice chunk, then pull back to around 1810 to lure longs, and finally flip and smash it back down. Don’t chase a short-term long at 1794; wait for a retracement into the 1765-1775 area before considering an entry.
Trading strategy: short direction. Wait for a rebound to the 1805-1815 area to enter, set stop-loss at 1825. First target: 1770; second target: 1755. Longs can take a small position lightly at 1765-1775, set stop-loss at 1750, and take profit at 1800.
$ETH
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