$ETH
This is not a random dip — this is distribution breaking down in real time.
ETH lost the daily mid-Bollinger band with force, printed a strong impulsive red candle, and is now hugging the lower band, which tells me sellers are in control and bids are stepping back. The bounce attempts are weak and corrective — classic dead-cat behavior after a range top.
Market read:
The structure shifted bearish the moment ETH failed to hold above the 3,000 psychological level. That level was support, then became resistance, and price got rejected hard. Volume expanded on the sell-off, which confirms real participation, not just noise. As long as ETH stays below 2,780–2,800, upside moves are just liquidity grabs.
Trade idea (Short bias)
Entry zone: 2,720 – 2,760 (any weak bounce into this area)
TP1: 2,635 (daily lower band / previous demand)
TP2: 2,560 (next liquidity pocket)
TP3: 2,420 (range low & panic extension)
Stop loss: 2,860
Above that level, the bearish setup is invalidated.
This setup works because structure broke first, momentum followed, and now volatility is expanding downward. No need to predict bottoms — let price come to you and trade what the chart is showing, not what you hope.
Stay sharp. Risk tight. Let the market pay you.
$ETH #ETH #BitcoinETFWatch #CZAMAonBinanceSquare
