$ETH Crashes Below $2.6K – More Pain Ahead? 🔻
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📉 Short Setup
• 🔽 Entry: $2,598
• 🎯 Take Profit (TP): $2,510
• 🛡️ Stop Loss (SL): $2,655
• ⚡ Leverage: 15x
• ⚖️ Risk Level: High
• 🔁 Type: Short
• 🧠 Strategy: MA cluster rejection + support breakdown
Trade right now : $ETH
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Chart Analysis:
ETH failed to hold the $2,640 level and has now closed below the 99-period MA ($2,571), signaling a full rejection of the short-term uptrend. Multiple red candles confirm the breakdown with increasing bearish volume.
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Bearish Indicators:
• 📉 Price broke below MA(25) and MA(99)
• 🕯️ Rejection at local top of $2,790
• 🔻 Bearish engulfing candle printed near key support
• 📊 Declining support with rising red volume bars
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Scenario Expectation:
ETH is eyeing the $2,510 zone, which acted as a previous support pivot. If that breaks, we may see a cascade toward $2,460–$2,440.
