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LedgerBull

$ETH showing strong downside momentum after breakdown from local range.


Sellers in control with bearish structure confirmed on lower timeframes.

EP
2295 - 2320

TP
TP1 2250
TP2 2200
TP3 2150

SL
2365

Liquidity above 2350 was tapped before a sharp sell-off, confirming distribution and continuation lower. Weak bounces and consistent lower highs suggest sustained sell pressure unless price reclaims broken resistance.

Let’s go $ETH ‌
ETH-0,38%
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NotYourExit
· 2h ago
Short-term short positions are okay; don't get stubborn. TP1 is around 2250, where a rebound is likely.
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GateUser-6319729f
· 8h ago
It looks like after clearing the multi-head stop-loss, the wave continues to spread; 2150 might just be a relay.
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FloatingMirrorSphere
· 8h ago
Continuous lower highs + weak rebound, the bears are in control of the market.
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AirdropCheck-InOfficer
· 9h ago
If there is a volume-driven stabilization in the 2250-2230 range below, I will first reduce my position and observe.
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WatercolorInAGlassBottle
· 9h ago
I placed a small position near 2300, initially watching 2250; if it breaks, I'll add more.
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GateUser-af0710ba
· 9h ago
As long as the closing price returns above 2350, this bearish script will need to be rewritten. Focus on this dividing line first.
View OriginalReply0
PeacockSpreadsItsFeathersBut
· 9h ago
Have you considered the sudden surge in CPI/macroeconomics? Setting a stop loss at 2365 might require leaving some slippage room.
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BudgetDeFi
· 9h ago
The structure is somewhat empty, but I will wait for the pullback to 2320-2330. If it fails, I will enter again to avoid chasing a short and getting pierced.
View OriginalReply0

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