📉 ETH/USDT Trade Setup: Bearish Continuation?
Ethereum is showing weakness on the 1H timeframe after getting rejected near $2,980. We are currently consolidating at support, but the selling pressure remains high. Watching for a breakdown below $2,920 to confirm the next move down.
Here is the setup:
🔔 Signal Type: SHORT (Scalp/Intraday)
🪙 Pair: ETH/USDT
🔵 Entry Zone: $2,923 - $2,930 (Current Market Price)
🎯 Targets:
$2,900 (Psychological Support)
$2,880 (Next Liquidity Zone)
$2,850 (Extended Target)
🛑 Stop Loss: $2,965 (Above recent consolidation zone)
💡 Strategy: The trend is your friend. We are seeing lower highs. If price pumps back to $2,940, it could be a better entry for a short. Manage risk strictly!
#USGDPUpdate $ETH #CryptoTrading #signal #BinanceSquare ⚠️ Disclaimer: This is not financial advice. Crypto markets are highly volatile. Always do your own research (DYOR) and manage your risk.