⚠️ $ETH /USD — Failed Breakout & Rejection at Resistance 🚨
$ETH faced strong rejection near the $2,638–$2,650 resistance zone after a breakout attempt. Price is now trading at $2,566.9 (+1.16%), forming a potential lower high with a return inside the previous range, indicating buyer exhaustion.
This pattern shows weakness as ETH fails to maintain bullish momentum above the key zone. A drop below $2,560 could trigger further downside towards the next support near $2,440.
📉 Bearish Trade Setup:
Entry Zone: $2,570 – $2,580 (confirmed rejection)
Take Profit 1: $2,500
Take Profit 2: $2,460
Take Profit 3: $2,440
Stop Loss: $2,639
If ETH can’t reclaim the upper range soon, expect selling pressure to dominate.
#BearishBreakdown #AltcoinWatch #TradingSignal #Binance #CryptoCharts