$ETH /USDT BEARISH BREAKDOWN – SUPPORTS BREACHED, DOWNSIDE PRESSURE ACTIVE
#Ethereum has lost the $2,600 support level after continued rejection from the $2,750–$2,825 resistance zone. Selling pressure is increasing with lower highs forming, and if the $2,550 zone breaks, we may see an extended decline toward deeper support levels.
TRADE SETUP (SHORT):
Entry: $2,600 – $2,620
Take Profits: $2,550 / $2,500 / $2,450
Stop Loss: $2,705
Why Short?
Price is consistently facing rejection from the $2,750 level with increasing sell volume. Breakdown below $2,600 confirms bearish sentiment. Momentum indicators show weakness, and no strong support exists until the $2,500 area.
Risk Management Tip:
Use 3-5% of your portfolio on this trade. Trail SL to breakeven once the price hits the first target.
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