As noted in my earlier commentary, Ethereum (ETH) has exhibited several short-term warning signals. In addition, a prominent “smart money” account on Hyperliquid — with a recorded 100% success rate over the past three months — initiated a Bitcoin (BTC) short position at $122,067 yesterday afternoon. Shortly thereafter, BTC declined to below $119,000, where it has remained.

Despite demonstrating relative strength against BTC during the recent upward movement, ETH is unlikely to sustain its bullish momentum in the current market climate. Accordingly, my strategy is to initiate a short position in ETH at $4,550, with a target of $3,737 and a stop-loss at $4,705. Traders may consider taking partial profits at key support levels along the way. I will reassess and provide updates should market conditions justify a pivot.

Notably, the traders known as “Rollbit” and “EF-4409” have consistently demonstrated exceptional swing trading performance in ETH. Both accounts maintain a follower-friendly trading pattern, characterized by low trade frequency but high accuracy and return on investment over a larger time frame. They serve as important market benchmarks for me, and I intend to replicate their trades in the future.

As noted in my earlier commentary, Ethereum (ETH) has exhibited several short-term warning signals. In addition, a prominent “smart money” account on Hyperliquid — with a recorded 100% success rate over the past three months — initiated a Bitcoin (BTC) short position at $122,067 yesterday afternoon. Shortly thereafter, BTC declined to below $119,000, where it has remained.

Despite demonstrating relative strength against BTC during the recent upward movement, ETH is unlikely to sustain its bullish momentum in the current market climate. Accordingly, my strategy is to initiate a short position in ETH at $4,550, with a target of $3,737 and a stop-loss at $4,705. Traders may consider taking partial profits at key support levels along the way. I will reassess and provide updates should market conditions justify a pivot.

Notably, the traders known as “Rollbit” and “EF-4409” have consistently demonstrated exceptional swing trading performance in ETH. Both accounts maintain a follower-friendly trading pattern, characterized by low trade frequency but high accuracy and return on investment over a larger time frame. They serve as important market benchmarks for me, and I intend to replicate their trades in the future.