$ETH /USDT Bearish Pullback — Cooling in the Mid-Range
#Ethereum is currently trading around $2,518, down 4.56% after being rejected from the resistance zone at $2,640. The 30-minute chart shows a clean lower high and a momentum reversal, indicating that a short-term pullback is forming. Caution is advised as bulls lose control near local tops.
Trade Setup
Entry: $2,530 – $2,550
TP1: $2,475
TP2: $2,440
TP3: $2,400
SL: $2,585
Why Short?
After a strong rally, ETH failed to hold above $2,600 and sharply reversed direction. The price action now reflects a temporary top with bearish divergence on lower time frames. Volume is declining as buyers retreat - indicating the potential for further downside.
Risk Management Advice:
Always protect your capital with a stop loss - structure your entry around key resistance rejection areas.
Don’t let this pullback pass you by - enter smartly, and exit richer!
Enjoy the momentum before it fades - profits favor the bold! $ETH