ETH/USD 1H (dated 17-07-2025), here’s a clear analysis of the sell setup highlighted:
🟣 Current Price:
3,451.69 (as shown on the chart)
🔴 Sell Zone:
Price is entering a resistance zone around 3,480 – 3,515, near previous bearish candle area.
and from current zone 3450
This zone is also aligned with a confluence of upper channel resistance and historical supply.
🔻 Sell Setup Insight:
Price is showing signs of bearish reversal from resistance.
A possible lower high or wick rejection is forming near the upper resistance trendline.
📉 Target Levels (TPs):
1. TP1 (1st Support): around 3,328.96
2. TP2 (2nd Support): around 3,266.00
3. Final TP (Target): around 3,086.67 — marked explicitly on my chart
🛑 Stop Loss (SL):
Suggested above the resistance zone:
SL: around 3,650.65
🟣 Current Price:
3,451.69 (as shown on the chart)
🔴 Sell Zone:
Price is entering a resistance zone around 3,480 – 3,515, near previous bearish candle area.
and from current zone 3450
This zone is also aligned with a confluence of upper channel resistance and historical supply.
🔻 Sell Setup Insight:
Price is showing signs of bearish reversal from resistance.
A possible lower high or wick rejection is forming near the upper resistance trendline.
📉 Target Levels (TPs):
1. TP1 (1st Support): around 3,328.96
2. TP2 (2nd Support): around 3,266.00
3. Final TP (Target): around 3,086.67 — marked explicitly on my chart
🛑 Stop Loss (SL):
Suggested above the resistance zone:
SL: around 3,650.65
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JOIN MY TELEGRAM:
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Disclaimer
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.