$ETH /USDT – BEARISH SIGNAL AS PRICE REJECTS KEY RESISTANCE ZONE!

$ETH failed to hold above the $2,650 resistance after repeated attempts, forming a clear lower high followed by a sharp breakdown to $2,604. The current bounce looks corrective, not impulsive, with strong selling volume visible on the previous red candles. This pattern suggests a possible bearish continuation if ETH fails to reclaim $2,650 soon.

Trade Setup (SHORT):

Entry Zone: $2,638 – $2,646

Target 1: $2,605

Target 2: $2,580

Target 3: $2,555

Stop Loss: $2,662

Why Short?

Despite a sharp rebound, ETH remains capped below $2,650, a key resistance that was rejected twice. The lower high structure and earlier selling pressure signal weakness. If price gets rejected again under $2,646, expect renewed selling toward the lower range of today’s movement.

Risk Management Tip:

Respect the stop loss above $2,662. Trail your SL once TP1 is hit to lock in profits and avoid reversals.

Sell smart — don’t chase green candles when the trend is turning red!

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