$ETH /USDT – BEARISH REJECTION FROM RESISTANCE | SHORT SETUP AHEAD
Ethereum showed a strong rejection from the upper zone near recent highs, followed by consecutive bearish candles that shifted momentum back to the downside. The failure to hold above the intraday resistance confirms seller dominance, and the breakdown toward the lower range suggests continuation pressure. As long as price stays below the rejected area, the market structure supports further downside movement, making rallies vulnerable to selling.
Short Trade Setup
Entry: 3,145 – 3,160
Targets:
TP1: 3,120
TP2: 3,080
TP3: 3,030
Stop Loss: 3,195
Overall outlook remains bearish for the next move unless price reclaims and sustains above the resistance zone. Waiting for a pullback confirmation will provide a cleaner short entry.
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