$ETH /USDT TECHNICAL ANALYSIS
SHORT TRADE SIGNAL
The 15-minute chart shows a clear bearish breakdown. Ethereum has slipped below the key psychological support of 3,120 and is currently trading under all major Exponential Moving Averages (EMA 7, 25, and 99). The EMA(7) has crossed below the EMA(99), confirming a shift in short-term momentum from neutral to bearish.
Trade Setup:
Entry: 3,113.44 – 3,118.00 (Current market price or minor pullback to EMA 7)
Take Profit 1: 3,101.50 (Recent wick low)
Take Profit 2: 3,085.00 (Next major psychological support)
Stop Loss: 3,135.00 (Above the EMA 25 and recent consolidation cluster)
SHORT OUTLOOK OF MARKET
The market is currently experiencing a cooling period following a rejection near the 3,171 level. Sellers are dominant in the short term, as evidenced by the series of lower highs and the failure to reclaim the 3,140 resistance zone. Until the price stabilizes above the EMA(99), the path of least resistance remains to the downside.
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