$ETH is showing clear signs of exhaustion after struggling to break higher. Price has been repeatedly rejected near the 2,960-2,970 resistance zone with weakening upside momentum and lower highs forming, indicating buyers are losing control.
The recent bearish candles and failure to hold above 2,950 support suggest distribution is taking place, with a corrective pullback likely toward lower demand zones if price fails to reclaim 2,960.
Trade Setup
Entry Range: 2,935 – 2,945
Target 1: 2,900
Target 2: 2,870
Target 3: 2,830
Stop Loss (SL): 2,975
ETH
1,991.79
-6.13%