$ETH 📊 ETH Short-Term Technical Snapshot (Binance)
Market Structure
• ETH currently facing strong resistance near local key zones, and rising exchange inflows suggest short-term selling pressure could continue. Exchange reserves rising often signal distribution and trader profit-taking.
• Momentum indicators have been struggling to maintain bullish continuation near resistance zones — showing caution for longs.
Key Levels for Shorts
• Weak rejection zone / resistance: ~$2,700–$2,750 (psychologically critical and supply heavy)
• First support to watch: $2,500 — if this breaks decisively, shorts can extend.
• Stop-loss above: $2,760 (just above local supply cluster resistance)
Bearish Signals
• Binance ETH reserves rising → larger inflows into exchange supply often presage selling/closes.
• Price struggling to clear intermediate resistance confirms short-term vulnerability.
Bullish Risk (caution)
• A clean breakout above $2,750–$2,800 invalidates short bias and could trigger squeezes & momentum flips.
📉 Trade Plan (Short Bias – Binance ETH)
• Entry: $2,680–$2,720
• Stop-Loss: Above $2,760
• Targets:
• T1 — $2,550
• T2 — $2,500
• T3 — $2,420 (if breakdown accelerates)
Manage risk! Crypto markets are volatile and can squeeze quickly if macro sentiment shifts.
📍 Tags for Binance Short Post
#ETH #Ethereum #Binance #Crypto #ShortTrade
#Shorts This is not financial advice — always trade with proper risk control