Ethereum at Key Resistance After Short Squeeze Bounce

昨天

Ethereum recently found a local bottom at $2,111, triggering a sharp bounce that resembles a short squeeze. However, the rally has met a significant resistance zone—a former support level now flipped into resistance. This zone is technically loaded with multiple confluences: the point of control, the VWAP, the 0.618 Fibonacci retracement, and the $2,550 weak resistance area. Reclaiming this zone is essential for Ethereum to regain bullish momentum.

Structurally, the daily market structure has shifted. The previous trend of consecutive higher highs and higher lows has been broken with the recent drop, signaling a bearish structural shift unless key levels are reclaimed.

If Ethereum fails to break and hold above $2,550, the current move may confirm as a bearish retest, increasing the likelihood of a rotation back to $2,227 in the near term. A loss of $2,227 would open the door for a much deeper correction, targeting the $1,790 support zone—a critical level that acted as a base during previous consolidations.

At this point, Ethereum sits at a pivotal juncture. The reaction at current resistance will determine whether bulls can regain control or if bears will drive the next leg lower.

2 小時前

交易進行

This trade setup is currently live.

We're closely monitoring Ethereum’s reaction at the $2,550 resistance zone. As long as price remains below this level, the trade thesis leans bearish with a short bias targeting $2,227 next.

If price starts to reclaim and hold above $2,550 on strong volume, we will reassess and manage accordingly. Stay alert — this is a real-time trade scenario with active implications.