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LedgerBull

$ETH showing short-term weakness after rejection from local highs.


Sellers in control with structure leaning bearish on lower timeframes.

EP
2320 - 2340

TP
TP1 2290
TP2 2260
TP3 2220

SL
2365

Liquidity above 2350 was swept before downside continuation, confirming sell-side pressure. Lower highs forming with weak bounce attempts suggest further downside unless structure reclaims resistance.

Let’s go $ETH ‌
ETH-3,03%
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PfpArchaeologist
· 2h ago
A series of lower highs at a lower level, looking like a frustrating and gradual decline, TP2 at 2260 feels like it might be touched.
View OriginalReply0
SlippageSiren
· 8h ago
Liquidity above 2350 flows out quickly and weakens, I generally don't chase rebounds in this kind of structure, first see if 2290 can hold steady.
View OriginalReply0
AirdropsAfterTheTideRecedes
· 04-17 14:28
If there is a volume surge and a rebound around 2290, I might first cut half of my short-term position; otherwise, I will hold until 2220 as planned.
View OriginalReply0
GoToSleepAfterMinting
· 04-17 06:43
This rejection is very straightforward; short sellers are indeed at an advantage.
View OriginalReply0
NeonMint
· 04-17 06:40
If I receive this section from 2320-2340, I will wait for a failed weak rebound before entering, to avoid directly catching a falling knife.
View OriginalReply0
SucculentCross-Section
· 04-17 06:27
Let's go ETH, but for now, respect the structure, and after filling in the gaps, consider spot replenishment.
View OriginalReply0
SandwichDodger
· 04-17 06:24
This batch of partial TP is very comfortable; as long as it can withstand fluctuations.
View OriginalReply0
BitByBitBenny
· 04-17 06:22
It seems that selling pressure has been persistent, and rebounds are weak. Trading in the trend is stronger than trying to bottom fish.
View OriginalReply0
GlassDomeUniverse
· 04-17 06:22
I'm more worried about a false breakout followed by a pullback. I recommend watching the OB and trading volume, and avoid getting stopped out.
View OriginalReply0
GateUser-6319729f
· 04-17 06:22
The key now is whether we can get back above 2350; otherwise, each rebound is a better shorting point.
View OriginalReply0
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