$ETH/USDT TECHNICAL ANALYSIS: BEARISH REJECTION AT LOCAL RESISTANCE $ETH

​MARKET OVERVIEW

​The current chart shows $ETH struggling to maintain its recent recovery momentum. After a sharp dip to the 2,294.15 support level, the price staged a relief rally that is now stalling near a significant overhead resistance zone. The presence of long upper wicks on the candles suggests that sellers are aggressively defending the 2,350 - 2,360 area. A failure to break and hold above this local peak indicates a potential "Dead Cat Bounce," setting the stage for a continuation of the primary bearish trend.

STOP LOSS (SL): 2,395.00

​TARGET PROFIT LEVELS (TP):

​TP 1: 2,295.00

​TP 2: 2,255.00

​TP 3: 2,210.00

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