$ETH /USDC FAILS TO HOLD ABOVE $2,540 – SHORT TRADE SETUP FORMING!
/USDC is showing signs of weakness after failing to hold above the $2,549.09 resistance level. Currently trading at $2,534.34 and down -1.42%, Ethereum is forming a lower high setup on the 15-minute chart.
🔻 Bearish Technical Indicators: • Clear rejection at $2,549 with long upper wicks
• Lower highs forming after bounce from $2,492
• Multiple failed breakout attempts near $2,540
• Support now being tested at $2,527 – break below confirms short trigger
📉 Short Trade Plan: • Entry Zone: $2,534 – $2,540
• TP1: $2,515
• TP2: $2,492
• TP3: $2,468
• SL: $2,555 (above local high)
Unless bulls reclaim and hold above $2,549 with volume, ETH looks poised for a corrective move. Watch for breakdown candles below $2,527 to validate entry.
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