ETHUSD – Bearish Pressure Building Below 2300, Eyes on 2075
ETH is printing lower highs on the smaller timeframes and sellers are firmly in control — a clean short setup is forming right now.
Why This Level Matters:
The 2240 zone is the final support standing between current price and a significant drop. Two strong gap zones sit below at 2175 and 2075, and both remain unfilled. Every attempted recovery is being sold into, with each push forming a lower low — momentum is clearly with the sellers.
Gameplan / Primary Scenario:
Wait for a confirmed break of 2240. Once that level cracks, that's the entry short. There is also a possible sweep of the 2300 zone before the break — if price pushes up to fill that gap first, it becomes an early entry opportunity with the target being the support itself. Either way, the move lower targets 2175 first, with 2075 as the extended destination once momentum builds.
If this added value, boost it forward. What are your thoughts?
Swallow Academy
Why This Level Matters:
The 2240 zone is the final support standing between current price and a significant drop. Two strong gap zones sit below at 2175 and 2075, and both remain unfilled. Every attempted recovery is being sold into, with each push forming a lower low — momentum is clearly with the sellers.
Gameplan / Primary Scenario:
Wait for a confirmed break of 2240. Once that level cracks, that's the entry short. There is also a possible sweep of the 2300 zone before the break — if price pushes up to fill that gap first, it becomes an early entry opportunity with the target being the support itself. Either way, the move lower targets 2175 first, with 2075 as the extended destination once momentum builds.
If this added value, boost it forward. What are your thoughts?
Swallow Academy
Trade active
A sweep happened, which means early entry got activated!
Trade closed: target reached
First target got reached!
Note
Second target got hit!
💎 Telegram:
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🌎 Website:
swallowteam.com/
🚨Years on charts build the habit of sensing psychological market direction. So far working :)
t.me/+fiEDSn7M9pJkODA0
🌎 Website:
swallowteam.com/
🚨Years on charts build the habit of sensing psychological market direction. So far working :)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💎 Telegram:
t.me/+fiEDSn7M9pJkODA0
🌎 Website:
swallowteam.com/
🚨Years on charts build the habit of sensing psychological market direction. So far working :)
t.me/+fiEDSn7M9pJkODA0
🌎 Website:
swallowteam.com/
🚨Years on charts build the habit of sensing psychological market direction. So far working :)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.