🚨 $ETH — Downtrend Resuming After Upside Rejection
Bias: Short
Trade Setup
Entry: 2070 – 2090
Stop Loss: 2120
TP1: 2000 (+4%)
TP2: 1950 (+6%)
TP3: 1850 (+11%)
Market Insight:
On 4h, ETH rejected 2150 highs with bearish engulfing patterns below 20/50 EMAs, sweeping upside liquidity amid fading volume on rallies signaling seller control. Downtrend structure intact below 2120 invalidation; setup targets prior lows for 1:3+ risk-reward on momentum continuation.
Watching price reaction at 2050. What’s your bias here?
Levels based on structure and momentum — not a prediction.