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ETHUSDDailyBearish

Ethereum daily (SMC): sell the 2160–2220 zone

FXFibo editorial · · 1 min read
Summary

The daily structure in Ethereum is bearish: a bearish change of character (CHoCH) at 2202.4, with price now around 2117. The 2160–2220 area is the main sell zone.

BiasBearishEntry zone2190Stop loss2260Target 12000Target 21900StatusActive
Invalidation: Daily close above 2250
Ethereum daily (SMC): sell the 2160–2220 zone

Main scenario

  • Entry zone: 2160–2220 (around 2190)
  • Stop: 2260
  • Targets: 2000 and 1900
  • Enter after candle confirmation or an aligned CHoCH on a lower timeframe

Alternative scenario

A daily close above 2250 invalidates the main scenario and opens the way to 2389.

Key levels

  • Resistance: 2220, 2250, 2389
  • Support: 2070, 2000, 1900

Market-moving events

  • Tue 10 Nov: US CPI
  • Thu 12 Nov: UK GDP and US jobless claims
  • Fri 13 Nov: US PPI and euro-area GDP
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⚠ This analysis is educational and is not a buy or sell recommendation. Trading financial markets carries the risk of losing capital.