$ETH
/USDT BEARISH PRESSURE BUILDS AS PRICE STRUGGLES BELOW KEY RESISTANCE ZONE
Market Next Move:
Ethereum ($ETH/USDT) is currently under bearish pressure after failing to hold above the $2,448.80 resistance. The price is hovering around $2,400.80, slipping by -0.66% in the last 24 hours. The recent lower high and rejection near the $2,490 area signal weakening momentum, and a potential retest of the $2,380 support is likely if selling continues. With bearish divergence seen on oscillators like RSI and volume cooling off, short-term downside is expected.
🔹Trade Setup:
Short Entry: $2,405
Target 1 (TP1): $2,367
Target 2 (TP2): $2,335
Stop Loss (SL): $2,451
Market Outlook:
ETH remains in a short-term downtrend unless it reclaims $2,450 with strong volume. Traders should remain cautious and watch for confirmation below $2,380 for a stronger bearish continuation. Until bulls regain control, the bears are likely to dominate the next few sessions.
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