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Ethereum at the 4-hour level hides a trap—was 1859 a fake breakout?
$ETH /USDT - SHORT sell
Trade plan:
Entry: 1857.27 – 1860.85
SL: 1876.22
TP1: 1846.19
TP2: 1837.60
TP3: 1824.73
Why focus on this structure?
- Current ETH price is 1859; the 1D trend is ranging, but the 4H EMA shows bearish pressure.
- RSI (15M) is only 52.5, not in the overbought zone, and there isn’t enough rebound momentum.
- Main plan SHORT: enter at 1859, TP1=1846, TP2=1837, SL=1876. Why now? Because 1859 is a key 4H resistance; if it can’t hold, the bears will accelerate the drop.
Discussion:
Will this move reach TP2 first, or will it be a bearish bait for a rebound? Drop your take in the comments!