Analysis: Right now ETH looks pretty good for those who are looking for an ATH. I don't see that to be come true, but I see a nice bearish channel forming on the daily and weekly charts. I see the current prices as a top for the latest bullish momentum. I opened a short position right here with a risk of 2.9%. I also marked two of my potential target levels that I am waiting to be touch. I am waiting to see the 1700$ level.
Trade: SHORT
Entry: 3612$
1st target: 1700$
2nd target: 900$
S/L: 3745$
Trade: SHORT
Entry: 3612$
1st target: 1700$
2nd target: 900$
S/L: 3745$