$ETH ETH is now around 2239 USDT. Today’s movement has roughly a +2.15% change.

For me, the focus isn’t how much it has risen, but whether it’s a good entry point here.
In the short term, I still lean bearish.

Right now, I mainly look at these factors:
First, the divergence at high levels is starting to widen, making a short-term shakeout more likely.
Next, the price is already close to the resistance zone, with limited upside potential and risk-reward.
Additionally, this rally seems more like an emotional surge, and the follow-through hasn’t caught up yet.

For positions like this, I usually follow this rhythm: top-level sweep high for a waterfall short / rebound to lure longs then second waterfall short / break support to chase the short.
Suggested entry price: 2257 USDT
First target: 2123 USDT
Stop-loss reference: 2311 USDT
Signal to admit a wrong call: 5m reclaim resistance / 15m reclaim the sweep high
Risk-reward ratio reference: 2.50R

The most feared thing at this time is impulsiveness; waiting for a clearer signal makes it easier to trade.