$ETH Trading Below 200 EMA As Recovery Attempts Continue To Fail
Trade Setup: Short
Entry Zone: 1,620 – 1,645
TP1: 1,590
TP2: 1,550
TP3: 1,505
SL: 1,680
Price remains well below the 200 EMA (1,721.54) confirming that the broader trend remains bearish. After bouncing from the 1,505 low, ETH failed to establish a sustained breakout and continues to print lower highs beneath a major resistance zone.