$ETH /USDT BEARS IN CONTROL – ETHEREUM SLIDES TOWARDS KEY SUPPORT!

Ethereum has dropped sharply from its recent high of $3,748 to around $3,511, reflecting heavy selling pressure. The price is consistently forming lower highs and lower lows, hovering just above immediate support at $3,500. Trading below major EMAs and weakening bullish momentum on MACD suggests further downside unless strong buying emerges.

📊 Trade Setup (Short):

Entry (Short): $3,520 – $3,540

Targets (TP):

TP1: $3,450

TP2: $3,400

TP3: $3,350

Stop-Loss (SL): $3,600 (above recent resistance zone)

📉 Market Outlook:

A break below $3,500 could accelerate the bearish move towards $3,400 and $3,350. However, if ETH holds this support and rebounds, a recovery toward $3,600–$3,650 may be seen. Overall sentiment remains bearish unless price closes back above major resistance with strong volume.

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