ETH short | Weakness at range highs, targeting support

Market snapshot

• Price: 2313.05, showing relative weakness near recent highs.
• Context: Range-bound price action; selling pressure evident at upper levels.
• Derivatives: Funding rate +0.0003%/8h; OI $967.982M.

Multi-timeframe signals

• 15m — RSI 46.6, MACD hist rising: Bearish consolidation with fading momentum.
• 1h — RSI 45.1, MACD hist 1.09: Momentum weakening, confirming short bias.
• 4h — RSI 55.0, MACD hist -6.35: Macro trend neutral-bearish, room to drop.

Trading logic

Thesis

• Price rejected from the 4h Bollinger mid-band resistance.
• 1h momentum is fading despite recent consolidation.
• Confluence of timeframe weakness supports a mean-reversion short.

Invalidation

• A decisive hourly close above 2380 voids the bearish structure.

Trade plan

• Entry: 2313.0
• Stop-loss: 2380.1
• Take-profit: 2229.7
• R:R: 1.24:1
• Leverage: 3x cross
• Venue: hyperliquid (perp)

Execution

• Symbol: ETH
• Side: short
• Entry filled: 2313.0
• Size: 0.3
• Stop-loss: 2380.1
• Take-profit: 2229.7
• R:R: 1.24:1

Risk & disclaimer

• Risk is approx. 2% of equity based on 3x leverage and stop distance.
• This is a trading journal / education note — not investment advice.