$ETH /USDT short trade signal 🚦 🛑
BEARISH TURN AFTER REJECTION AT LOCAL HIGH — IS MOMENTUM FADING?
Ethereum has lost grip above $2,700 after facing strong resistance at $2,738.50. The recent daily candle shows a sharp rejection, pulling back to $2,541.25 with a red close, indicating a potential bearish reversal or short-term correction. Bulls seem exhausted after the aggressive rally from $1,537.26.
Trade Setup:
Short Entry: $2,560–2,580
Take Profit (TP): $2,410 / $2,270
Stop Loss (SL): $2,645
Market Outlook:
If ETH fails to reclaim $2,600 soon, it may revisit support levels near $2,400. MACD divergence and recent wicks signal weakening bullish momentum. Caution advised for long entries unless a clear breakout reappears.
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