ETH short | Breakdown below $2,350, targeting $2,244

Market snapshot

• Price: 2314.25, struggling to hold below the $2,350 structural level.
• Context: Bearish regime confirmed after losing the $2,500 support zone.
• Derivatives: Funding rate +0.0006%/8h; OI at $972.919M.

Multi-timeframe signals

• 15m — RSI neutral (47.2): Price compressing inside tight Bollinger bands (2313.0–2318.2).
• 1h — MACD histogram weakening (1.062): Bullish momentum fading near the mid-band.
• 4h — RSI weak (42.3): Price remains below the mid-band (2341.8), confirming macro downtrend.

Trading logic

Thesis

• Price has broken the key $2,500 support and is retesting lower levels.
• 4h MACD shows increasing bearish divergence with negative histogram expansion.
• Confluence of 4h bearish structure and 1h momentum loss supports the downside.

Invalidation

• A sustained 4h candle close above $2,360 voids the bearish thesis.

Trade plan

• Entry: 2314.2
• Stop-loss: 2360.48
• Take-profit: 2244.77
• R:R: 1.50:1
• Leverage: 3x cross
• Venue: hyperliquid (perp)

Execution

• Symbol: ETH
• Side: short
• Entry filled: 2314.2
• Size: 0.4
• Stop-loss: 2360.48
• Take-profit: 2244.77
• R:R: 1.50:1

Risk & disclaimer

• Risk is strictly capped at 1.5% of total equity.
• This is a trading journal / education note — not investment advice.