ETH has broken down from its recent range, showing lower highs and consistent selling pressure. I’m watching for one more leg lower into the $3,300 area.
Why $3,300?
A clean sweep here would trap shorts and flush out late longs, setting the stage for a strong bounce.
Setup Plan:
Short-term bias: Bearish, expecting continuation lower into ~$3,300
Will not long until we get a reaction at that level
Long trigger: Strong bounce/reversal signals at $3,300 zone
Targets on the bounce: $3,500 → $3,650 → $3,800
Stop loss: Below $3,250
ETH likely has one more dip before setting up for a cleaner move higher. Patience pays here.
Why $3,300?
A clean sweep here would trap shorts and flush out late longs, setting the stage for a strong bounce.
Setup Plan:
Short-term bias: Bearish, expecting continuation lower into ~$3,300
Will not long until we get a reaction at that level
Long trigger: Strong bounce/reversal signals at $3,300 zone
Targets on the bounce: $3,500 → $3,650 → $3,800
Stop loss: Below $3,250
ETH likely has one more dip before setting up for a cleaner move higher. Patience pays here.
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Exención de responsabilidad
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.