$ETH
USDT BEARISH MOVE LOOMING – SELLERS READY TO STRIKE
Ethereum is showing weakness below the strong resistance zone around 2444 – 2447, failing to sustain upward momentum. Current price is 2429, hovering near intraday support with bearish pressure building up.
🔻 Key Levels:
Resistance: 2444 – 2447
Support: 2423, 2418
Current Price: 2429
🎯 Trade Setup (Short):
Entry: 2430 – 2434
Targets:
TP1: 2423
TP2: 2418
TP3: 2411
Stop Loss: 2437
📉 Market Outlook: ETH remains under selling pressure as it struggles below major resistance levels. A break and hold below 2423 will accelerate the downtrend towards 2411. Bears maintain control unless price reclaims 2444 convincingly.
⚠️ Risk Management: Always use stop loss. Risk only 1-2% of your capital per trade to preserve long-term trading sustainability.
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