The $ETH market is under renewed selling pressure after a fresh wave of long liquidations, indicating that bulls have temporarily lost control.
$ETH /USDT - SHORT
Trade Plan:
Entry: 1912.00 – 1918.00
SL: 1942.00
TP1: 1885.00
TP2: 1862.00
TP3: 1835.00
Why this setup?
The latest long liquidation suggests leveraged buyers were forced to exit, often reinforcing bearish momentum. ETH remains below a key resistance area, and unless buyers reclaim the stop-loss zone with strong volume, the technical structure continues to favor downside continuation. The setup provides a defined risk with attractive reward potential.
Debate:
Will ETH reclaim resistance and trigger a short squeeze, or will selling pressure extend toward TP2 and TP3?
Click here to Trade $ETH
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