⚠️ $ETH /USDT – Short Setup Alert as Price Nears Key Resistance
Current Price: $3,671.28
24h High / Low: $3,698.60 / $3,564.19
24h Volume: 363K ETH | 1.32B USDT
Change: +2.14%
🔍 Analysis:
Ethereum is approaching a critical resistance near $3,700 after a strong intraday rally. However, momentum indicators are flattening, and multiple rejection wicks around the top suggest buyer exhaustion. This sets up a potential short opportunity if the price fails to break above the $3,700–$3,720 zone with volume.
💥 Short Trade Setup
Entry: $3,685 – $3,700 (after rejection confirmation)
Target 1: $3,600
Target 2: $3,560
Stop Loss: $3,725 (tight SL above resistance)