Ethereum (ETH) faces strong rejection after sharp rise - Active Sell Signal 🔻
Sell Signal (Daily Trade):
Sell Zone: 3390-3460
Take Profit 1: 3340
Take Profit 2: 3280
Take Profit 3: 3210
Stop Loss: 3560
Leverage: 20-50 times (Risk 1-2%)
Open Futures Trade 👇🏻
Open Spot Trade 👇🏻
Spot Traders: If you missed the sell at the top, avoid continuing here. New spot buying is safer near the strong support area of 3200-3150 for Ethereum's price.
Reason for this trade:
Ethereum has made a vertical breakout from 3070 directly to the strong resistance area of 3390-3420, where the price is already showing rejection. This type of quick candle usually triggers profit-taking and a short-term pullback. In the longer term, Ethereum is still trading within a broader corrective structure, without confirming any new bullish trend at this time. Essentially, there is no new trading box or major catalyst on the Ethereum network supporting the continuity of movement directly. The market trend became very bullish during the first hour of trading, trapping late buyers in a short-term trap. A controlled pullback to low liquidity areas is the most likely step now. Trade smart, protect your capital, and stick to your stop loss. If you are not following cryptocurrency news, you are mistaken.
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