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ETH Morning Outlook | Short-term Bias: Bearish
ETH is currently in a high-level consolidation zone,
Repeated attempts to break higher have been unsuccessful, with clear resistance above,
Overall leaning more towards a correction after a rally.
Short-term strategy: Focus on pullbacks, avoid chasing highs
Key Levels
Resistance: 2220 - 2260
Strong Resistance: Above 2300
Support: 2180 - 2150
Trading Recommendations
Short Positions
If there is a lack of momentum to push above the 2220-2260 range
→ Consider light short positions on pullbacks
Target: 2180 / 2150
Stop-loss: Above 2300
Long Positions
Look for a rebound near 2150 to confirm support
→ Consider short-term longs
Target: 2200-2230
In a nutshell
If it can't go up, short; if it can't fall further, go long; don’t make random moves in the middle.
$ETH
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