$ETH is breaking down with weak bids and heavy supply overhead

Short $ETH

Entry: 2,100 – 2,150

SL: 2,320

TP1: 1,980

TP2: 1,850

TP3: 1,700

ETH failed to hold the prior range support and the breakdown came with expansion on the downside, not absorption. Every bounce attempt into the 2.1k area is getting sold into, with buyers showing little follow-through. Rallies are getting shorter while sell reactions are traveling cleaner and faster

Market structure on 4H has flipped into lower highs and lower lows, and price is trading below former demand with no strong bid stepping in yet. The tape feels offered, with supply leaning on any push higher

As long as ETH remains below the broken range, sell-the-bounce setups are favored and continuation lower stays in play.

Trade $ETH here 👇

ETHUSDT

Perp

1,947.29

-0.05%