$ETH BEARISH REJECTION AT 4,200, RETESTING LOWER RANGE
Ethereum faced strong resistance near the 4,200 level, triggering a sharp rejection and confirming a short-term bearish structure. Price is now hovering around 3,990 after forming a lower high pattern, indicating potential continuation toward support. Unless ETH reclaims the 4,050–4,100 zone with strong volume, the path of least resistance remains downward.
Trade Setup:
Entry Range: 3,990 – 4,020
Target 1: 3,940
Target 2: 3,900
Target 3: 3,860
Stop Loss (SL): 4,080
Market Outlook:
ETH shows weakness after repeated rejections from resistance and may extend its correction if momentum stays below 4,050. A decisive break under 3,920 could accelerate the bearish move.