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ETH/USD Technical Setup
Ethereum showing interesting price action around key resistance levels. If we see a wick down to $3180, that could be our entry signal for shorting. This level has been testing demand recently.
The setup depends on how price reacts at that zone. A clean rejection and push higher, then a pullback would give us better risk/reward for positioning shorts. Watch for volume confirmation on any bounce attempt.
Keep an eye on daily structure here. Multiple touches of the $3180 level combined with weakening momentum could hint at potential downside moves.