# The ETH short setup hiding above $2,800

> A trader maps why Ethereum's climb toward $3,000 could be the setup for a drop back to $1,508.
- Title: The ETH short setup hiding above $2,800 · TradingView
- Summary: A trader maps why Ethereum's climb toward $3,000 could be the setup for a drop back to $1,508. The rally into $2,800 to $3,020 is the thing to watch…
- Keywords: ethereum, crypto, technical analysis, trading, price levels, business, finance, ETH, short, setup, hiding, above
- Source: TradingView — https://tradingview.com/chart/ETHUSD/oQoSjyxp-ETHUSD-Bearish-Reversal-Setup-From-Major-Daily-Supply
- Published: 2026-09-12T21:01:19+00:00
- Read time: 1 min
- Topics: ethereum, crypto, technical analysis, trading, price levels, business, finance
## Ethereum at $2,520
ETH sits near 2,520 after climbing hard off the June lows. The bounce has already carried price into territory the analyst flagged in advance.

> Ethereum is currently trading around 2,520 after a strong recovery from the June lows.
## Into the liquidity zone
Price has now tagged the $2,400 to $2,500 band that was marked earlier as a liquidity area. More liquidity still sits above the recent highs.
## The ceiling is $2,780
A daily bearish order block spans roughly $2,780 to $3,020. That block is the major resistance, and it has not been touched yet.

> The major resistance is the Daily Bearish Order Block around $2,780, $3,020.
## Higher first, then lower
The projected path is a continuation up into that block. Price mitigates the supply zone before any larger bearish reaction begins.
## Rejection is the trigger
Nothing happens on arrival alone. The setup needs clear rejection out of $2,800 to $3,020 before the short thesis is live.

> If price reaches the $2,800, $3,020 supply zone and shows clear rejection
## Target: $1,508
The downside objective is the $1,508 liquidity pool marked on the chart. Until the supply zone is reached, watch the recent highs for confirmation.

> the downside could target the $1,508 liquidity pool marked on the chart
## Key takeaway

The rally into $2,800 to $3,020 is the thing to watch. Rejection there is the signal, not the rally itself.