Highest conviction trade this week: shorting ETH at 2010 with a hard stop at 2085. We just broke below the 2071 level that held for three days, and the macro setup screams lower - BTC weakness, funding rates cooling, and that ETH dump below 1987 yesterday tells me the sellers are in control. I'm risking 2% to make 5% on this one.
My highest conviction trade this week is shorting ETH at 2071 with a hard stop at 2095 and target at 1950. The setup is clean: failed bounce off the 200-day MA, negative divergence on the 4h RSI, and the liquidation cascade below 2062 signals weak hands are out. I'm risking 25 bps for 121 bps. This is the move.