$ETH USDT — Strong Bearish Breakdown, Momentum Favors Further Downside
Here’s your clean short trade signal + technical analysis post for ETH/USDT:
$ETH has printed a sharp -8% drop from the 2,760 resistance zone, confirming heavy rejection and strong seller dominance. Price lost multiple supports (2,660 → 2,620 → 2,580) and is now trading near 2,520, showing a clear breakdown structure with lower highs and lower lows.
The failure to hold above 2,600 signals trend continuation bearish, with momentum and volume expanding on the downside — a classic sign of distribution and panic selling.
Unless ETH reclaims 2,620+, rallies are likely to be sold.
📉 Trade Setup (Short)
Entry Range: 2,520 – 2,580
🎯 Target 1: 2,500
🎯 Target 2: 2,450
🎯 Target 3: 2,380
Stop Loss (SL): 2,650
🔑 Key Levels
Resistance: 2,580 / 2,620 / 2,700–2,760
Pivot: 2,520
Supports: 2,500 / 2,450 / 2,380
Major supply: 2,700+
📊 Short Outlook
Bias remains bearish below 2,620–2,650. Any bounce into resistance is likely a sell-the-rally opportunity. A clean breakdown under 2,500 could accelerate the drop toward 2,380.