Structure shows sellers in control after lower high formation.

EP
2,315 - 2,335

TP
TP1 2,280
TP2 2,250
TP3 2,210

SL
2,360

Price is rejecting supply with repeated lower highs and liquidity sitting below recent lows. Breakdown structure remains intact as sellers push into weak demand zones.

Let’s go $ETH ‌

ETH1.07%

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CheckingEthInTheElevator

· 1h ago

The liquidity is so obvious below, the big players love to first insert the needle to 2.28x and then play the drama.

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CandleAfterTheRain

· 1h ago

I prefer to wait until the retracement reaches 2.33x, and if it fails, then follow up; chasing short directly is easily pulled back.

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MarginMom

· 1h ago

The supply zone keeps getting rejected repeatedly, which indeed suggests a continued search for buying interest downward.

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ForkAndChill

· 1h ago

Now is the bear market rhythm; rebounds are all opportunities for the bears.

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DustyAirdropper

· 1h ago

I feel that 2,210 is really a decent demand level; the ones before might just be intermediate stops.

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TideShellLedger

· 1h ago

2,250/2,210 This batch TP approach is good; just don't go all-in at once.

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GateUser-7a050ee5

· 1h ago

Your strategy is more short-term oriented, with high volatility. It's recommended to also include transaction fees and slippage in the calculation.

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GateUser-fbbc916d

· 1h ago

Once the weak demand zone is breached, the waterfall can come quickly. Pay attention to your position.

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OvernightPositionPhobia

· 1h ago

Looking at the chart, it's just a lower high + supply rejection, following the trend makes more sense than guessing the bottom.

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BorrowedHalo

· 1h ago

If 2,360 is broken through, the structure will change; remember to strictly execute stop-loss.

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$ETH Strong bearish pressure building on $ETH with downside continuation in play.

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