$ETH / #Ethereum | 1H Trade Setup Update Position: 🔴 Short

$ETH / #Ethereum | 1H Trade Setup Update

Position: 🔴 Short

Trade Details:
• Entry: 2,361
• Stop Loss: 2,372
• Take Profit: 2,280

● Current Analysis: Ethereum (ETH) has sharply rejected off the Value Area High (VAH) and is now breaking below the Value Area Low (VAL), signaling potential for further downside.

● Technical Indicators: Rising Momentum: Suggests a strengthening trend, warranting caution for the short position. Falling Money Flow: Indicates decreasing buying pressure, supporting the bearish case. Stochastic RSI (Bottoming): Points to the potential for upward movement, which could signal a reversal.

● Outlook: This short trade targets 2,374, with traders advised to closely monitor ETH's behavior below the VAL. While the falling money flow supports the bearish outlook, rising momentum and a bottoming Stochastic RSI present a mixed picture. Confirmation of sustained downward movement is key, though traders should also be prepared for a potential reversal.