ETH BEARISH ALERT: SELL-OFF CONTINUES! 🚨
Ethereum (
$ETH ) is struggling to keep its head above water! After a sharp -9.9% drop in the last 24 hours, the price is now trapped in a bearish consolidation zone. The EMA 25/99 on the 15-minute chart is acting like a heavy ceiling that ETH just can't break. 🧱🔨
📊 Market Intel:
Current Price: ~$2,404 - $2,434
The Resistance: Heavy supply is sitting at the $2,480–$2,500 zone. Unless
$ETH ETH reclaims this, the path of least resistance is DOWN.
The Target: Sellers are eyeing the liquidity pool near $2,250.
🎯 PRO TRADING SIGNAL (SHORT):
Entry Zone: $2,440 – $2,470
Take Profit 1: $2,380 (Secure some gains) 💰
Take Profit 2: $2,320 (Mid-term target) 🎯
Take Profit 3: $2,250 (The Liquidity Low) 🔥
Stop Loss: $2,520 (Protect your capital) 🛡️
⚠️ Analyst Note: Volume is weak on the bounces, suggesting that bulls are exhausted. Watch for a "Fakeout" near $2,450 before the next leg down. Manage your risk and don't over-leverage in this volatility!
#ETHETFsApproved #Ethereum #cryptotrading #bearish