š» $ETH / USDT ā Bearish Setup LIVE! Rejection Near
Resistance, Breakdown in Play š»
Ethereum is struggling under the $2,505ā$2,530 resistance zone, forming a descending triangle on the 4H chart ā a clear sign of bearish pressure. Current price near $2,426 gives a clean short opportunity if this support breaks! šš„
š SHORT Trade Setup (Futures)
⢠Current Price: $2,426
⢠Entry Zone: $2,425 ā $2,440
⢠Target 1: $2,405
⢠Target 2: $2,395
⢠Target 3: $2,385
⢠Stop Loss: $2,475
šÆ Strategy:
⢠Look for bearish candle close below $2,425 for confirmation
⢠Avoid high leverage ā market is tight
⢠Partial profit at T1 & T2, trail stop for deeper targets
⢠Invalidate the setup if ETH breaks above $2,475 with volume
š Market Outlook:
ETH continues to show weakness under key resistance. Until bulls reclaim $2,530+, bears are in control ā and this setup gives a great risk/reward short entry near resistance!