$ETH /USDT BEARS PUSHING DOWN AFTER SHARP REJECTION!
Ethereum ($ETH) faced strong selling pressure after reaching close to $1,857, causing a rapid rejection and a breakdown toward the $1,790 zone. Currently, it is attempting a small recovery near $1,803, but momentum remains weak, hinting at a possible further downside.
Trade Setup:
Short Entry: $1,804 – $1,808
Take Profit (TP) 1: $1,790
Take Profit (TP) 2: $1,780
Stop Loss (SL): $1,818
Market Outlook:
Bearish momentum dominates after a clear failure to hold above $1,850. Unless ETH reclaims $1,820 with strong volume, short setups are preferable for now.
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