Ethereum / TetherUSShort
ETH is on the thin ice
ETHUSD Short Setup – Bearish Breakout Potential
📉 Technical Setup:
Ethereum is forming a narrowing structure, and a downside breakout of the trendline could trigger an acceleration towards $2400 and lower.
📊 Daily Structure:
ETH remains in a strong downtrend with notable bearish momentum.
Significant acceleration is observed below the 20-50 MA zone, which serves as a value area.
📈 Sentiment & Market Context:
A massive short position has been built on CME ETH futures, indicating either hedging or expectations of upcoming volatility.
This creates a fragile situation for ETHUSD, which could lead to a sharp move downward unless unexpected positive catalysts emerge in the crypto market.
⚠️ Key Levels to Watch:
Trendline breakdown confirmation
$2400 support zone
Potential for further downside
Let’s see how it plays out! 🔍
Don't forget to do your own research and manage your risk at all times!
📉 Technical Setup:
Ethereum is forming a narrowing structure, and a downside breakout of the trendline could trigger an acceleration towards $2400 and lower.
📊 Daily Structure:
ETH remains in a strong downtrend with notable bearish momentum.
Significant acceleration is observed below the 20-50 MA zone, which serves as a value area.
📈 Sentiment & Market Context:
A massive short position has been built on CME ETH futures, indicating either hedging or expectations of upcoming volatility.
This creates a fragile situation for ETHUSD, which could lead to a sharp move downward unless unexpected positive catalysts emerge in the crypto market.
⚠️ Key Levels to Watch:
Trendline breakdown confirmation
$2400 support zone
Potential for further downside
Let’s see how it plays out! 🔍
Don't forget to do your own research and manage your risk at all times!
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.
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.