The chart shows $ETH /USDT on Binance experiencing a sharp downtrend, currently trading at around $2,039.29 after a -2.77% drop in the last period. Price has broken below key supports, with the Bollinger Bands squeezing and expanding downward—middle band at ~$2,534 (far above), lower band near $1,727 acting as potential deep support. Recent candles are mostly red, confirming bearish momentum.

RSI is deeply oversold: RSI(14) at 30.30, RSI(6) at 31.45—classic oversold territory signaling exhaustion in selling pressure. Stochastic (K 31.01, D 24.07) also hints at a possible bounce soon.

Trade Forecast: SHORT $ETH /USDT (bearish continuation expected after brief relief rally)

Entry: around current levels ~$2,039 – $2,050

Take Profit (TP): $1,900 (first target, near recent structure) / $1,800 (extended)

Stop Loss (SL): $2,150 (above recent high / 24h high zone to invalidate)

Risk-reward looks solid ~1:2+ on the drop toward lower band area. Volatility is high—use proper position sizing!

ETH is testing major demand after this leg down—could see a quick relief pump before more downside. Bears in control for now!

Trade $ETH /USDT Now! Short the weakness or wait for confirmation bounce—don't miss the move! Follow & turn 🔔 on ✅ for more crypto signals & updates.

#ETH #Ethereum #ETHUSDT #Binance #CryptoTrading #Altcoins #Bearish #TradingSignals #Crypto #BinanceSquare