Posteo
$ETH – Lost support, but continuation still needs confirmation
Price is currently trading below a local support level, which suggests short-term weakness. However, the key question now is whether the market will accept these lower prices.
Momentum remains relatively weak. There is selling pressure on lower timeframes, but it’s not strong enough yet to confirm a clear continuation.
This is where many traders get trapped. They see a bearish structure and immediately assume a strong downside move, while ignoring the lack of expansion.
The structure may be leaning bearish, but conviction still needs to be proven.
At the moment, this isn’t a high-confidence chase trade. It’s a situation that requires patience and disciplined execution.
If price starts holding below this level with stronger continuation, the setup could become much more actionable. Until then, it’s better to stay selective rather than aggressive.
Trading Plan – Short ETH
Entry: 2306.01 – 2312.94
SL: 2404.37
Targets:
TP1: 2267.82
TP2: 2246.18
TP3: 2228.86
Trade ETH here 👇
#KelpDAOWhoPays #FirstCryptoFedChair #CLARITYActDeadline
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