ETHEREUM Short Position Update – June 11, 2025

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Ethereum downside perspective shared.
Recently, Ethereum has been continuously setting new highs, showing strong upward momentum. However, from a technical analysis standpoint, a breakdown below the lower trendline and an exit from a converging wedge pattern have been observed.

This suggests the potential for a short-term cooling-off phase, prompting the sharing of a bearish idea.

The first target is set at 2,771.

While Ethereum and the broader market continue to reach new highs, I personally believe a corrective phase may be approaching.

Detailed ratio analysis and further reasoning will be shared through an idea update once the first target is reached.

Flexible response according to market conditions is essential.

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