ETH Update

$ETH is trading inside a short-term distribution range after failing to hold the 2,180-2,200 breakout attempt; current structure favors a sell-the-rally approach while price remains capped beneath overhead supply.
Trading Plan — SHORT
Entry: 2,120 – 2,145
Stop loss: 2,205 (Above the 2,200 liquidity sweep and structural invalidation)
Targets: 2,060 ⇢ 2,020 ⇢ 1,980 ⇢ 1,920
Technical
Price expanded toward 2,200 but failed to sustain acceptance above the level, producing an immediate rejection and forming a clear local lower high. Subsequent candles show declining follow-through from buyers as price compresses beneath the 2,130–2,150 supply band. The structure now reflects range distribution, where rallies into resistance are being absorbed rather than extended.
The sell-the-rally thesis remains valid while price continues to trade below the 2,180–2,200 resistance cluster and maintains intraday lower highs. A decisive H4 close above 2,205 would invalidate the distribution narrative and indicate buyers reclaiming structural control.
Risk parameters are clearly defined. Until price reclaims the rejected highs with conviction, any rally into overhead supply is treated as an opportunity to fade the move.
⇢ Trade ETH on Binance 👇
#ETH