$ETH ๐Ÿ›‘

๐Ÿ”ป ETH longs are capitulating, positions are loosening; current price 2569.16, sell the bounce

๐Ÿ“Š Key data:
โŒ 1H EMA20<EMA50, selling pressure dominates the trend
โŒ 4H structure is bearish, with the trend acting as resistance
๐Ÿ“Š RSI 55๏ฝœVolume 0.45x, bearish momentum dominates
๐Ÿ“ˆ OI(3H) +0.02%๏ฝœPositions are stable; direction depends on price action

๐Ÿ’ก ETHUSDT is falling on both price and volume, leaving room to drop further

๐ŸŽฏ Trade: Short
โ€ข Entry: 2569.89 ~ 2574.99
โ€ข Stop-loss: 2588.80 (ATR-based, dynamic)
โ€ข Target 1: 2533.96 (risk/reward 1:1.9)
โ€ข Target 2: 2513.17 (risk/reward 1:3.0)

โš ๏ธ Risk: Set a stop-loss to guard against a false breakdown

Data source: Binance USD-M๏ฝœDYOR

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