🚨
$ETH /USDT – Heavy Rejection at $1,658 Sparks Sharp Dump! Bears Regain Control 🚨
Ethereum faced a strong rejection from $1,658 and dropped rapidly to a low of $1,571, now trading at $1,579.90 (+0.05%). This steep move marks a full reversal of the earlier rally, showing a decisive shift in short-term momentum.
24H Overview:
High: $1,658.75
Low: $1,571.37
Volume: 617K ETH / 1.00B USDT
Technical Outlook:
The 15m chart reveals a classic lower-high pattern followed by a swift breakdown, closing below multiple support levels. The high volume candle during the fall confirms panic selling or aggressive shorting, leaving ETH vulnerable to further dips if $1,580 fails to hold.
Trade Signal – SHORT SETUP ACTIVATED:
Entry Zone: $1,580 – $1,590
Target 1: $1,555
Target 2: $1,530
Final Target: $1,500
Stop Loss: $1,603
Why This Signal Works:
Strong bearish engulfing move with momentum breaking previous support. Lower highs, lower lows, and a failure to reclaim $1,600 signal an active short opportunity.
Risk Tip:
Use a tight SL and adjust if ETH bounces strongly. Avoid late entries—this move relies on quick reaction near resistance re-test zones.
#ETHUSDT #CryptoSignal #EthereumTrade #BinanceAnalysis #ETHTraders