$ETH Looking Weak Below Key Support ⚠️
$ETH just lost a major support level with aggressive selling pressure — downside continuation remains the higher-probability scenario.
🔴 SHORT $ETH
Entry Zone: 1688 & 1698
Stop Loss: 1715
Target 1: 1665
Target 2: 1640
Target 3: 1600
ETH printed a sharp breakdown from consolidation and followed through with a strong bearish impulse. The recent bounce appears corrective rather than a true reversal, with price struggling to reclaim lost support.
As long as ETH remains below the 1700–1710 region, sellers maintain control. A rejection from current levels could send price toward 1665 first. If bearish momentum continues, 1640 becomes the next objective, while 1600 stands as a larger liquidity target.
Avoid chasing after extended red candles. The best risk-to-reward comes from relief bounces into resistance followed by bearish confirmation.
A breakout and acceptance above 1715 would invalidate the setup.
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