📉 $ETH /USDT – SHORT-TERM DOWNTREND DEVELOPING AFTER REJECTION FROM $2,788 ⚠️
#Ethereum is trading at $2,642.52, down -0.44% in the last 24 hours. Price action shows rejection from the $2,788 resistance zone, and ETH is currently forming lower highs and lower lows, suggesting a developing downtrend in the short term. Volume remains elevated (820K ETH / $2.21B USDT), but momentum is weakening.
BEARISH TRADE SETUP (SHORT POSITION)
• Sell Entry: $2,655 – $2,680
• Target: $2,550
• Stop Loss: $2,720
PRO TIP: If ETH closes below $2,612, downside pressure could intensify, targeting $2,500–$2,480 range. Ideal conditions for short scalps or hedged positions.
