$ETH Rejected From Major Resistance — Short Bias Remains Active 🔻
Short Trade Signal (Day Trade):
Sell Zone: 3,120 – 3,180
TP1: 3,040
TP2: 2,980
TP3: 2,900
SL: 3,260
Leverage: 20–40x (risk 1–2%)
Open Trade in Future👇🏻
Spot Traders: Avoid fresh spot buying at current levels. Safer accumulation zones are near 2,950 – 2,900, where stronger daily demand sits.
Why This Trade:
On the 1H chart, $ETH made a sharp drop from 3,270 and is now consolidating weakly around 3,080–3,100. This sideways movement is happening below all key resistance levels, showing the move is corrective, not a trend reversal. The bounce lacks volume, which confirms buyers are not stepping in with strength.
On the 1D chart, the structure remains clearly bearish. $ETH is still trading below major moving averages and failed to reclaim the 3,300–3,350 resistance zone. The broader trend shows lower highs since the 3,658 rejection, and the recent bounce from 2,623 was only a relief move inside a downtrend.
From a fundamental and sentiment perspective, ETH sentiment remains weak as capital continues rotating out of altcoins. No strong bullish catalyst is present, and broader market uncertainty keeps pressure on ETH. Late longs trapped near 3,200–3,250 increase the probability of another downside leg.
Support Zones:
3,040 – 3,020 → intraday support
2,980 – 2,950 → strong support
2,900 – 2,850 → major daily demand
Resistance Zones:
3,120 – 3,180 → immediate resistance
3,240 – 3,260 → strong rejection zone
Pullback Zones Before Next Drop:
If ETH pulls back upward, sellers are expected at:
3,120 – 3,180 → primary short zone
3,240 – 3,260 → strong sell zone if reached
As long as ETH stays below 3,260, the bias remains short, not long.
Trade with patience and strict risk management.
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