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#Update Ethereum
$ETH dropped below $2,300 with a -3.90% decrease in the last 24 hours.
The long ratio of 262% initially appeared bullish, but the reality is different. 616 whale longs experienced a loss of -$49.7 million with an average entry price of around $2,402, while 296 whale shorts actually gained +$8.69 million near $2,337, clearly indicating that shorts still hold control despite a long bias.
The bearish trend continues to push into the supply zone, and there is no acceptance on the upside. Therefore, I will take a short position.
๐จ Trading Setup $ETH ๐
Short Entry: 2290 โ 2310
Target: 2250 โ 2200 โ 2150
#WCTCTradingKingPK