$ETH Selling from high levels / taking short positions at the top



Core resistance pressure 1795-1800 has been probed multiple times; trading volume continues to shrink, price spikes and then falls back. Only if it holds above 1800 will there be a chance for improvement.

Second pressure: 1830-1850
Key support: 1720-1730
Second support: 1660-1680

The most likely main scenario is a spike and then a pullback, with a return to range-bound trading between 1730-1770.

From 1792-1798, you can set up a short position; stop loss can be placed above 1805.

Low-probability scenario: U.S. CPI and non-farm payrolls come in far below expectations, U.S. Treasury yields fall sharply, with a breakout of 1800 on increased volume and holding above it. The rebound target would be 1840-1890 as a repair rebound after the drop. A daily timeframe downtrend will not reverse just like that.
ETH-0.05%
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YoungerSister
· 12m ago
Buy the dip and enter 😎
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DefeatBtc
· 12m ago
Steadfast HODL💎
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IWantToMakeBigMoney.
· 1h ago
Watch tonight’s CPI
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SmallCarlaMiI
· 1h ago
Bottom-fishing to enter the market 😎
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WanGuangLeng
· 1h ago
A bottom-fishing entry 😎
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ILiveInTheEthereumPalace.
· 1h ago
Yesterday’s order made me feel nauseous from the carb.
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GateUser-db5b48ea
· 1h ago
A range-bound market, trading back and forth to profit off the swings
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WaveSurgeU
· 1h ago
Just pushed a trade in the group chat as well—already took a little bite of it.
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Daydreamer0888
· 1h ago
Get on board now! 🚗
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SanyouMerchants
· 1h ago
Get on the train now! 🚗
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