$ETH is testing a major channel resistance zone near $1,960, where sellers have stepped in before.



A rejection from this level could trigger a short-term pullback, making it an attractive short setup for disciplined traders.

🔴 Resistance: $1,960 🎯 Watch for bearish confirmation before entering. 🛑 Risk management is essential—don't short blindly into strength.

Patience pays. Let the market confirm the move.
#GateCardUpTo8%Cashback
ETH-4.20%
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DividendDrifter
· 1h ago
Shorting at this level definitely has good value for money, but the stop-loss has to be placed above 1975—don’t get greedy.
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SatelliteReceiver
· 2h ago
Technically, it really looks like a double top, but the volume hasn’t been amplified, so we still need to keep an eye on it.
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LiqWatcher
· 2h ago
Gate card cashback 8%? Add card cashback on top of short-position profits for double the happiness.
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DeFiSaver
· 2h ago
Without an explicit bearish engulfing, I will keep waiting; missing out is better than getting liquidated.
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SlippageSurvivor
· 2h ago
I’m planning to place a $1935 limit order. If there’s a sudden drop, I’ll buy right there—no gambling on a pullback.
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MoodThermometer
· 2h ago
Shorting at the resistance level is fine, but don’t get stuck and blown out on the trend line—place a small position to test.
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LiqObserver
· 2h ago
In theory, it’s safer to leave it empty if it doesn’t pass the second test—starting with just 1% for the first batch is enough.
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DeltaNeutral
· 3h ago
Big players love to “stab” in this kind of position and trigger a squeeze on short sellers—watch out for a fake breakout.
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NFTFisherman
· 3h ago
The market is really messy—either dump it straight down or push through 2000; this kind of grinding market is annoying, so do less trading.
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YieldConvexMirror
· 3h ago
Last time I got in at 1963 and got stuck for three days; this time I’ve learned my lesson and I’m waiting for confirmation.
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