Most traders think ETH is bouncing — the 4h data says they’re about to get wrecked.



$ETH /USDT - SHORT

Trade Plan:
Entry: 1775.7 – 1790.1
SL: 1852.2
TP1: 1730.9
TP2: 1696.3
TP3: 1644.4

Why this setup?
• 95% confidence SHORT bias on ETH/USDT as of 2026-06-04 14:20 UTC.
• 1D trend is bearish, and 1h RSI at 56.39 shows no overbought resistance to stop the slide.
• Entry zone 1775.7–1790.1 targets TP1 at 1730.9 and TP2 at 1696.3 — a 5% drop from current levels.
• ATR of 28.86 on 1h confirms volatility is tight, favoring a quick breakdown.

Debate:
Are you shorting the bounce or waiting for a reclaim above 1790?
ETH-3.56%
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned