๐ $ETH /USDT โ BEARISH SETUP AS SUPPORT WEAKENS! โ ๏ธ๐ณ๏ธ
Current Price: $2,524.50
Timeframe: 1H & 4H
24H Range: Low $2,453.80 โ High $2,680.34
๐ TECHNICAL OUTLOOK:
Ethereum is showing clear signs of weakness, with price breaking below the $2,560 and $2,540 supports. Momentum is fading after rejection from $2,680, and bears are gaining control. A sustained drop below $2,500 could trigger deeper downside.
๐ KEY LEVELS:
Resistance Zone: $2,580 โ $2,620 ๐งฑ
Support Zone: $2,460 โ $2,500 ๐ก๏ธ
Breakdown Trigger: Below $2,500 ๐จ
๐ก TRADE SETUP โ SHORT POSITION:
๐ค Entry: $2,520 (confirmed candle close below $2,540)
๐ฏ Targets (TP):
โข TP1: $2,480
โข TP2: $2,440
โข TP3: $2,380 (extended)
๐ Stop Loss (SL): $2,580 (above resistance zone)
๐ง RISK MANAGEMENT:
๐น Limit risk to 1โ2% of your capital
๐น Target minimum 1:2 R:R ratio
๐น Stick to the plan โ avoid revenge trading
๐จ ETH bears tightening grip โ stay alert & trade the trend! ๐ป๐ฅ๐
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