Ethereum is currently trading at $2,606.34, showing clear signs of weakness after facing strong rejection from the $2,620–$2,640 resistance zone. On the 15-min chart, ETH continues to form lower highs with visible long upper wicks, signaling fading buyer strength and increasing selling pressure.
Trade Setup:
Short Entry: $2,610 – $2,625
Take-Profit Targets: $2,580 / $2,550
Stop-Loss: $2,645
Market Outlook:
As long as $ETH remains below $2,640, the bears hold the upper hand. Any short-term bounce is likely to be short-lived unless buyers push past the key resistance with strong volume. The current chart structure supports further downside, targeting lower support levels.
Follow the community
Momentum favors the early movers. Secure your spot in the trend before the next leg down kicks off. Don’t wait for confirmation — this is your signal. Get in position before the next breakout candle!
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