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LedgerBull

$ETH showing strong downside momentum after breakdown from local range.


Sellers in control with bearish structure confirmed on lower timeframes.

EP
2295 - 2320

TP
TP1 2250
TP2 2200
TP3 2150

SL
2365

Liquidity above 2350 was tapped before a sharp sell-off, confirming distribution and continuation lower. Weak bounces and consistent lower highs suggest sustained sell pressure unless price reclaims broken resistance.

Let’s go $ETH ‌
ETH-2.92%
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.
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CalmWarehouseUnderTheAurora
· 8h ago
Break below the range + lack of a rebound, short-selling strategy from 2295-2320 is reasonable, the key is whether it can recover above 2320.
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RetroRadioWaves
· 13h ago
I'm more worried that breaking 2200 will lead directly to testing 2150; recent buying pressure is too thin.
View OriginalReply0
WickHunter
· 04-17 14:55
SL is at 2365, it's okay, but be aware that a single piece of news can cause it to drop quickly.
View OriginalReply0
BorrowedHalo
· 04-17 11:04
2350 The liquidity above gets exhausted and then crashes, a typical distribution pattern, consistent with your view.
View OriginalReply0
AirdropOrganizer
· 04-17 07:16
This round is indeed weak, LH has been pressing and fighting all the way.
View OriginalReply0
NotYourExit
· 04-16 21:13
Short-term short positions are okay; don't get stubborn. TP1 is around 2250, where a rebound is likely.
View OriginalReply0
GateUser-6319729f
· 04-16 14:40
It looks like after clearing the multi-head stop-loss, the wave continues to spread; 2150 might just be a relay.
View OriginalReply0
FloatingMirrorSphere
· 04-16 14:33
Continuous lower highs + weak rebound, the bears are in control of the market.
View OriginalReply0
AirdropCheck-InOfficer
· 04-16 14:32
If there is a volume-driven stabilization in the 2250-2230 range below, I will first reduce my position and observe.
View OriginalReply0
WatercolorInAGlassBottle
· 04-16 14:30
I placed a small position near 2300, initially watching 2250; if it breaks, I'll add more.
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