$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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