$ETH is currently moving in a consolidation phase after facing rejection near the upper resistance zone. Price pushed toward the 3,160–3,170 area but failed to hold, showing that sellers are still active at higher levels. Since then, ETH has been moving sideways with limited strength, which signals hesitation in the market.
On the structure side, the 3,150–3,170 zone is acting as a clear resistance, while support is holding around 3,050–3,070. As long as ETH remains below resistance, upside moves look more like short-term bounces rather than strong continuation. Volume is also cooling down, which usually favors range-based moves.
If ETH manages to reclaim and hold above 3,170 with strength, the structure can improve and price may attempt higher levels. Until that happens, price action suggests caution near resistance and favors controlled downside or sideways movement.
$ETH Short Trade Plan
Short Entry Zone:
3,140 – 3,170
Take Profit Targets:
TP1: 3,090
TP2: 3,030
TP3: 2,980
Stop Loss:
3,220
Leverage: 20x – 40x
Margin: 2% – 4%
👉 Secure partial profits at TP1 and move stop loss to breakeven.
Short #ETH Here 👇👇👇
