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ETH is testing resistance, but resistance alone is not a reason to short.
After breaking above 1,910, ETH surged toward the 1,955–1,967 area and is now consolidating near 1,944.
The short-term momentum is still bullish:
• Price remains above the 20/50/100/200 EMAs
• The breakout above 1,910 has not been invalidated
• MACD is still above the zero line
• There is no confirmed Lower High or break of the latest Higher Low
That means opening a short now would be an attempt to guess the top.
I would rather wait for one of two confirmations.
The first is a failed breakout around 1,955–1,967.
I want to see rejection, a return below 1,955, and a Lower High forming on the lower timeframe before considering a small short.
The second, safer setup is a breakdown below 1,935 followed by a failed reclaim.
If ETH loses 1,935 and rebounds into 1,935–1,945 without recovering the level, the bearish structure would become much clearer.
Downside levels to watch:
1,930–1,935
1,919–1,920
1,909–1,912
The 1,910 area is especially important because it was the starting point of this breakout.
The short idea is invalidated if ETH holds above 1,955, breaks 1,967, and then successfully retests 1,955 as support.
My current view is simple:
The resistance is real, but the reversal is not confirmed.
I will wait for rejection or structural weakness instead of shorting into strong momentum.
#ETH #CryptoTrading #夏日创作营