$ETH /USDT – BEARISH PRESSURE RETURNS AS PRICE REJECTS AFTER STRONG PUMP
ETH surged aggressively but quickly lost momentum near the $3,265 area, forming a clear rejection on the 1H chart. Price is now slipping back below $3,120, signaling that sellers are stepping in and a deeper correction may unfold. If ETH continues weakening, a drop toward the $3,230–$3,200 support zone becomes highly probable.
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Trade Setup (SHORT POSITION)
Entry: $3,110 – $3,135
TP1: $3,080
TP2: $3,045
TP3: $3,231 / Retest Zone
SL: $3,175
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Market Outlook
ETH is showing exhaustion after the sharp upward impulse, and the current candles reflect growing sell pressure. Until price reclaims $3,175 with strong volume, the bias remains bearish on the lower timeframes. A corrective move to fill imbalance toward $3,230 looks likely if weakness persists.
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