⚠️ $ETH Breakdown Confirmed — Bears Still in Control ⚠️
Trade Setup: Short
Entry Zone: 2,860 – 2,910
Target: 2,780 – 2,720
Stop-Loss: 3,020
2,815.35 | -4.72%
$ETH faced a strong rejection from the 3,030 resistance, followed by an impulsive bearish move that broke intraday structure. The sharp sell-off with elevated volume confirms distribution at the top, not a fake move.
Price is now consolidating below the breakdown zone, which typically signals bearish continuation rather than immediate recovery. As long as ETH remains below 2,950–3,000, downside pressure stays active.
Key Observations:
⚡ Clear rejection from major resistance
⚡ Structure breakdown confirmed on strong volume
⚡ Weak bounce showing lack of buyer strength
Patience favors sellers — trend continuation setups are cleaner than chasing reversals.
#ETH #USNonFarmPayrollReport #CPIWatch #USJobsData #BTCVSGOLD
