$ETH USDT BEARISH BREAKDOWN: SELL PRESSURE INTENSIFIES
$ETH USDT is trading at $2537.72 (-2.06%) on the 1H chart. Price has broken below multiple support zones with strong bearish momentum, indicating sellers are dominating and further downside remains likely.
🔑 Key Levels:
Resistance: $2560 – $2580 (recent breakdown zone)
Support: $2527 – $2530 (current intraday low)
TRADE SETUP (SHORT)
📉 Entry Zone: $2538 – $2545
🎯 Take Profits:
→ TP1: $2527
→ TP2: $2510
→ TP3: $2485
❌ Stop Loss: $2582 (above recent breakdown resistance)
MARKET OUTLOOK
ETH is showing a clear downtrend with lower highs and lower lows on the hourly timeframe. Breaking below $2527 could trigger further liquidation-driven sell-offs towards $2500 psychological support. Watch Bitcoin trend correlation for confirmation.
RISK MANAGEMENT
Use strict SL, risk only 1-2% of your capital per trade. Wait for retest entries for higher probability setups.
💡 Comment ⚠️ if you see ETH heading towards $2500 soon!