Ethereum just hit a textbook overextension after the latest leg down — time to let gravity do the work.
🔴 $ETH - SHORT
Trade Plan:
Entry: 1,980 – 2,020
SL: 2,080
TP1: 1,880
TP2: 1,780
TP3: 1,650
Daily timeframe reveals RSI(14) stuck above 65 with MACD histogram flipping negative and bearish divergence screaming across high open interest. Binance Futures funding rates have turned negative, signaling exhaustion while 24h volume shows distribution pressure. CoinGecko sentiment confirms ETH lagging majors in this corrective phase — perfect setup for a clean flush.
Are you positioned for this ETH downside move or still waiting?
Click below for trade 👇
$ETH

ETH

2,071.38

+3.34%

Setup valid as of analysis time. Crypto moves fast — always verify live chart on Binance before entering. DYOR & manage risk!