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Everyone’s waiting for an ETH pump—but the 4H chart just flashed a 95% SHORT signal on ETH.
$ETH /USDT - SHORT
Trade Plan:
Entry: 1579.43 – 1585.35
SL: 1610.76
TP1: 1561.11
TP2: 1546.93
TP3: 1525.65
Why this setup?
Why now? RSI on the 15m is barely above oversold at 41.97, and the 1D trend is firmly bearish. ATR shows tight 11.82 volatility—meaning a breakdown from 1582 could accelerate fast. TP1 at 1561 is just 1.3% away, but the structure favors a cascade to TP2 at 1546.
Debate:
Is this the last chance to short before the weekly close, or will a fakeout trap the bears?