$ETH /USDT – BEARISH REVERSAL IN MOTION!

Sellers Seize Control After Sharp Rejection at $2,734

After testing the key resistance zone at $2,734, Ethereum ($ETH) failed to break higher, forming a classic double-top pattern — a strong signal of trend exhaustion. The price has since dropped sharply, now hovering around $2,583 on the 4H chart, with bearish momentum intensifying.

Key Technical Levels to Watch:

Resistance:

$2,734 (Major Rejection Zone)

$2,664 (Lower High Resistance)

Support:

$2,483 (Immediate)

$2,393 (Major Demand Zone)

Trade Setup – Short Bias:

Entry Zone: $2,580 – $2,590

Take Profit 1 (TP1): $2,483

Take Profit 2 (TP2): $2,393

Stop Loss (SL): $2,665

Risk Management Tips:

Risk only 1–2% per trade

Avoid overleveraging — trend reversals can be volatile

Confirm rejection candles at resistance before entering

Market Insight:

This setup offers a good short-term opportunity, but stay alert — bulls may return quickly if key supports hold. Always adapt to new price action and manage your trades wisely.

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