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NexaCryptoLab
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BullishETH/USDT: The Quick Version
Price: $2,092.81 (Holding steady today).
The Vibe: Bearish. ETH is down 32% this month and 53% over the last six months.
The Support: Buyers are putting up a massive wall (81.65% buy side) to keep it from dipping below $2,000.
The Trend: Price is hugging the MA60 line; staying above it is key for a bounce.
If you actually meant you want to "short" the market (bet on it going down further): The trend is technically your friend here, but with that 81% buy wall, a "short squeeze" (sudden price jump) is a risk.
Would you like me to show you how to set up a short position on Binance, or do you want the "even shorter" one-sentence summary?$ETH #ETH #profit @Ethereum
{spot}(ETHUSDT)
Price: $2,092.81 (Holding steady today).
The Vibe: Bearish. ETH is down 32% this month and 53% over the last six months.
The Support: Buyers are putting up a massive wall (81.65% buy side) to keep it from dipping below $2,000.
The Trend: Price is hugging the MA60 line; staying above it is key for a bounce.
If you actually meant you want to "short" the market (bet on it going down further): The trend is technically your friend here, but with that 81% buy wall, a "short squeeze" (sudden price jump) is a risk.
Would you like me to show you how to set up a short position on Binance, or do you want the "even shorter" one-sentence summary?$ETH #ETH #profit @Ethereum
{spot}(ETHUSDT)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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