$ETH /USDT BEARISH BREAKDOWN AS MOMENTUM FADES ⛔📉
Ethereum is showing signs of weakness as
$ETH /USDT dips to $3,730.12 (-1.04%), breaking below key moving averages. The short-term trend suggests a bearish momentum as price slips under the MA(7) - $3,742.25 and MA(25) - $3,772.23, confirming downward pressure. MACD and volume indicators also reflect declining buying strength.
📊 Key Levels:
Resistance: $3,772 🔼 / $3,816.77 🔼
Support: $3,711 🔽 / $3,678 🔽
Current Price: $3,730.12 📍
📉 Trade Setup – SHORT Entry:
Entry: $3,740 - $3,750 range
Take Profits (TP):
TP1: $3,711
TP2: $3,678
TP3: $3,630
Stop Loss (SL): $3,785
📌 Risk Management:
Always use 2-3% max of your capital per trade, trail your SL after TP1, and avoid overleveraging in volatile conditions. Patience and discipline are key! 🛡️📉
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#ETHAnalysis #BearishMove #ETHUSDT #TechnicalAnalysis #Write2Earn $ETH