I dont short Crypto, but if i did....... ETH is on the list!
However, looking at ETH on a momentum play.... this could be interesting. If ETH can push below every major momentum moving average, momentum could really push this into a big volatile sell off.
Fundamentally, I like this play, I have a strong dislike for ETH, I don’t think it’s got the same appeal as other altcoins, there’s no real buzz about it.
The risk to any ETH shorts is, I am long only crypto and believe BTC will hit 100k in 2025, will ETH piggyback onto some of that momentum? probably.
If there’s a convincing close below my level, not a quick spike, then ETH could be a good short term short. Get the trade into breakeven and take profits on any big volatile moves down.
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