π¨ I just opened an $80,000 short position on
$ETH π
A lot of people are starting to call this a recovery, but I still donβt see it.
$ETH bounced, but volume is getting weaker, momentum is slowing down, and buyers are struggling to push price through the next resistance area.
Right now, $1,800-$1,850 is the most important zone on the chart.
If
$ETH breaks above it and holds, I might close my short position.
Until then, I still think thereβs a higher chance of seeing $1,600 before $2,000.
One thing Iβve learned after years in crypto is that the strongest traps usually happen when people start believing the dump is over.
Thatβs why Iβm still bearish on
$ETH.