Ethereum (ETH/USD) Technical Analysis – Bearish Setup in Play
ETH/USD is showing signs of a potential short-term reversal after rejecting a key resistance zone around $3,860. Price has now broken below the ascending trendline support, indicating a shift in momentum.
📉 Bearish Outlook:
After multiple bullish impulses, ETH failed to sustain above the resistance zone.
A clean break below the trendline support suggests possible downside continuation.
A short opportunity may be developing if price confirms below $3,750 support level.
🎯 Potential Targets:
Take Profit 1: $3,668 – aligning with previous structural support.
Take Profit 2: $3,530 – deeper retracement into demand area.
🛑 Invalidation Zone: A break and close above $3,870 would invalidate this setup and shift focus back to the upside.
🕰️ Timeframe: 1H
📍 Exchange: Bitstamp
🔍 Type: Trendline break + Resistance rejection
This is a technical analysis idea for educational purposes only. Always manage risk and use proper confirmations before entering a trade.
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