$ETH /USDT – Bearish Continuation After Sharp Sell-Off (15M)
Market Structure & Context:
ETH/USDT experienced a strong impulsive dump, breaking short-term structure and shifting momentum firmly in favor of the bears. Although price attempted a rebound, the recovery looks corrective, forming lower highs below key resistance. Current consolidation near 3110–3130 suggests bearish continuation rather than reversal.
Trade Setup (Bearish Bias)
Entry Range:
3120 – 3180 (sell on pullback / rejection)
Targets:
Target 1: 3050
Target 2: 2980
Target 3: 2900
Stop Loss (SL):
3220 (above breakdown zone & structure)
Short Outlook:
As long as ETH remains below the 3200–3220 resistance zone, sellers are expected to stay in control. Any upward move into resistance is likely to be a liquidity grab before continuation lower. A sustained reclaim and hold above 3220 would be needed to invalidate this bearish setup; otherwise, downside targets remain active.
