Ethereum Short Analysis

Ethereum is bearish for the next couple of weeks until further notice. Price broke structure to the upside on the daily timeframe and is looking to drop heavily to $1200 area. On the weekly timeframe, banks did not yet mitigate their positions at the open price of the last bearish move down, before the up move that broke daily structure. Before ethereum continues the uptrend journey to new all time high prices, we're looking to take this short, all the way to $1200 and then getting into long positions at $1200. This is not financial advice.