$ETH is in a clear downtrend on the 4H chart. Price is trading around 2775, after a strong bearish impulse from the 2940–3000 supply zone. Selling pressure is dominant, volume increased on the breakdown, and RSI is deeply oversold, which shows bearish momentum with chances of a short-term relief bounce.

Key Levels

Support:

• 2750 – 2720 (current demand zone)

• 2650 (next major support if breakdown continues)

Resistance:

• 2850 – 2880

• 2940 – 3000 (strong supply zone)

Trade Plan

Aggressive Long (Scalp Only)

Entry: 2720 – 2750 zone

Stop Loss: 2680

Targets: 2850 → 2920

Risk Reward: ~1:2

Note: Counter-trend trade, book profits fast

Safer Short (Trend Following)

Entry: 2850 – 2900 on pullback

Stop Loss: 3005

Targets: 2720 → 2650

Risk Reward: ~1:2.5

Next Market Move

If $ETH holds above 2720, a short-term bounce toward 2850–2920 is possible.

If 2720 breaks with volume, ETH can quickly move toward 2650 or lower.

Bias: Bearish overall

Strategy: Sell on rallies, avoid heavy leverage, strict risk management

#ETH #ETHUSDT #CryptoMarket #BearishMarket

ETH

2,734.57

-6.86%