📉 ETHUSDT PERP – Bearish Breakout Setup

🔎 Trend Direction:

Bearish – Price is trading under EMA 20, 50, and 200, and all MAs are pointing downward.

🎯 Entry Zone:

2,925 – 2,930

(Wait for a pullback to the broken support, now acting as resistance)

🛑 Stop Loss:

2,950

(Above EMA20 and the recent high)

✅ Take Profit Targets:

TP1: 2,890

TP2: 2,850

TP3: 2,820

ETH is struggling to hold an important support area and is now slipping below the EMA cloud on the 1H chart. Sellers are in control.

📊 Why this trade?

• Last price and mark price are near 2,930, showing clear rejection

• 24H low at 2,922 — a clean break below adds downside momentum

• Strong volume around $9.8B USDT, showing active participation

• EMA20 near 2,966 acting as strong overhead resistance

Click here to trade 👇

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