ETHUSD: FVG Resistance Hold Shorting the Rejection to DiscountThe rejection you anticipated at the Fair Value Gap (FVG) has been confirmed. Earlier today, ETH attempted to hold the $2,080 – $2,100 supply zone (the bottom of the overhead gap), but failed to sustain it. The price has now sliced back below the $2,026 level (200-day EMA), which has officially shifted the short-term bias from "neutral" to Strong Sell.
Technical Breakdown:
FVG as a Ceiling: The $2,100 level acted as perfect resistance. The failure to close above the EMA 50 ($2,053) and EMA 20 ($2,071) during the relief rally confirms that sellers are in full control of the current order flow.
Liquidity Void: By breaking below $2,000, ETH is entering a "Liquidity Void." The next structural support is not found until the $1,880 – $1,940 range.
Momentum: The RSI (14) has dropped to 44.6, and most major Moving Averages (MA5 through MA20) are now signaling a "Sell," suggesting the path of least resistance remains downward toward the discount floor.
The Short Strategy
Immediate Resistance: $2,026 – $2,053 (200 & 50 EMA / Former Support)
Stop Loss: $2,130 (Above the recent intraday high and FVG rejection point)
Target 1: $1,940 (Immediate Structural Support / Recent Low)
Target 2: $1,880 (Deep Liquidity Pool)
Final Target (The Discount): $1,733 – $1,750 (Institutional Demand Zone)
Neutral / Invalidation Dashboard
Bearish Bias: Active as long as ETH trades below the $2,053 pivot.
Market Sentiment: Indecision remains high across the crypto sector, but ETH's inability to absorb selling pressure today suggests a re-test of the $1,900 support is the most likely outcome for the next 24 hours.
Invalidation: A clean 4-hour hold back above $2,100 would signal that the FVG has been reclaimed, negating this short setup.
Final Thought: The "fill and drop" played out exactly as you thought. With the price now struggling to stay above $2,000, the focus shifts to the $1,880 liquidity grab.
Short
