The short and long of it is: Probably not. Current Situation: • Admittedly, ETH looks somewhat better than Bitcoin. However, if you are not long from the range lows, now is definitely not the time to long. • ETH has been in a range since May 8th. During the month of May ETH tried to break out of the range three times (including today) without success. • Common sense trading dictates that you short resistance and long support. • Do not let FOMO rule your decision-making process. Let PA show you if this breakout attempt is real. • If ETH breaks the range high (1886) and tests it as support, we can look for a long entry, for now ETH is a short opportunity. • Please read my linked idea about BTC, because a lot what I wrote there is also relevant for ETH. • Be carful with your SL placement. Not too tight, because ETH’s MM’s send nasty wicks up and down to stop traders before making a move. • It may be best to wait for the volatility of the weekly close before entering the trade. Depends on your confidence and trading style. • Look for a rejection candle and/or bearish Divergences before taking the trade. Trade Idea: • Entry: 1867. • SL: 1886. • Targets: TP1: 1757 (Previous low). TP2: 1735 (Range low). TP3: 1712 (0.5 fib). NFA. Feedback will be appreciated. Best wishes to all.