$ETH /USDT short trade signal 🚦 🛑
BEARISH BREAKDOWN BREWING — SUPPLY ZONE REJECTION IN PLAY!
Ethereum is currently testing a key supply zone near $2,488 after multiple failed attempts to break above. Price action on the 1H chart is showing lower highs and struggling to maintain upward momentum. Sellers are gaining strength at resistance, suggesting a potential short opportunity if the zone holds.
Trade Setup: (Short Position)
Entry: $2,476 – $2,488
Take-Profit (TP): $2,438
Stop-Loss (SL): $2,501
Market Outlook:
A clear supply block has formed around $2,488. If price fails to close strongly above this level, expect a pullback toward the $2,438 demand area. Volume is thinning, signaling weakness in the bullish push.
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