Entry
Sell ETH/USD at $1,570
Stop Loss
$1,805 (above key resistance to manage risk)
Take Profit
$1,090 (targeting extended downside move)
Analysis
Ethereum has faced strong selling pressure over the past few weeks, and the downtrend is likely to continue for the next four weeks. Several factors contribute to this bearish outlook:
ZKasino Scammer Liquidation: The ZKasino exploit wallet lost $27 million after a leveraged ETH position was liquidated, highlighting panic selling in the market.
Market-Wide Sell-Off: ETH recently dropped to a two-year low of $1,480 amid record-breaking equity market losses.
Macroeconomic Pressure: Trump’s tariff policies triggered a sharp sell-off in global markets, leading to a broader crypto market correction.
Whale Liquidation Risks: A whale holding a $340 million ETH short position is at risk of liquidation if ETH drops below $1,119, suggesting further downside pressure.
Risk Management
The risk-to-reward ratio is favorable, targeting nearly 3:1 reward vs. risk.
Breakdown below $1,480 could accelerate ETH's decline toward $1,090, making this setup a high-probability trade.
Sell ETH/USD at $1,570
Stop Loss
$1,805 (above key resistance to manage risk)
Take Profit
$1,090 (targeting extended downside move)
Analysis
Ethereum has faced strong selling pressure over the past few weeks, and the downtrend is likely to continue for the next four weeks. Several factors contribute to this bearish outlook:
ZKasino Scammer Liquidation: The ZKasino exploit wallet lost $27 million after a leveraged ETH position was liquidated, highlighting panic selling in the market.
Market-Wide Sell-Off: ETH recently dropped to a two-year low of $1,480 amid record-breaking equity market losses.
Macroeconomic Pressure: Trump’s tariff policies triggered a sharp sell-off in global markets, leading to a broader crypto market correction.
Whale Liquidation Risks: A whale holding a $340 million ETH short position is at risk of liquidation if ETH drops below $1,119, suggesting further downside pressure.
Risk Management
The risk-to-reward ratio is favorable, targeting nearly 3:1 reward vs. risk.
Breakdown below $1,480 could accelerate ETH's decline toward $1,090, making this setup a high-probability trade.
Trade forex, indices, stocks and metals with up to US$100.000 in company's funding.
Complete a challenge to access funding or go for instant deposit.
Trading involves substantial risk. Not financial advice
Complete a challenge to access funding or go for instant deposit.
Trading involves substantial risk. Not financial advice
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Trade forex, indices, stocks and metals with up to US$100.000 in company's funding.
Complete a challenge to access funding or go for instant deposit.
Trading involves substantial risk. Not financial advice
Complete a challenge to access funding or go for instant deposit.
Trading involves substantial risk. Not financial advice
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.