🚀$ETH – Testing Resistance

Short Trade Setup:

🔻 Entry: Consider a short position if ETH fails to break above $2,508, targeting $2,430 as a short-term level.

Stop-Loss: Above $2,510 to avoid risk of false breakouts.

Trend: Bullish momentum near resistance

Key Levels:

Immediate Resistance: $2,508.59 (top of Mean Reversion )

Support: $2,342.66 (bottom channel boundary)

Setup Summary:

Ethereum has shown a strong upward move and is approaching the top of the reversion. This suggests a potential reversal zone, though a breakout above could open up more bullish opportunities. The Stochastic RSI is currently high but turning down slightly, which may indicate slowing momentum.

ETH is nearing the upper channel boundary. A clear rejection could initiate a pullback, while a breakout would signal continuation.

Currently in overbought territory, hinting at a potential pullback but not conclusive without further confirmation.

🔥 Quick Tip: Stay watchful as ETH approaches the upper channel boundary. Use the Stochastic RSI to gauge momentum shifts — an overbought exit signal could confirm a short opportunity, while a breakout with volume would favor the bulls. #ETH🔥🔥🔥🔥