2/4 ETH Intraday Trading Strategy



ETH 2280 – 2320 Range for Short Positions
Target Levels

T1: 2230
T2: 2200
T3: 2160

From the 1-hour timeframe, ETH completed a temporary dip near 2103 and then rebounded, but this rebound is still part of a corrective move within a downtrend and has not signaled a trend reversal. The overall structure remains bearish. The highs are continuously lowering, and although there are rebounds at the lows, they have not broken the previous bearish structure. Additionally, the structure shows increasing volume during declines and decreasing volume during rebounds, indicating that funds are more inclined to reduce positions rather than chase longs. On the other hand, momentum indicators fluctuate around the zero line, failing to show sustained bullish momentum, and bears still dominate the trend.
ETH-3,01%
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