ETH. SHORT SETUP 📉

🔻 Ethereum Short Setup – Clean Breakdown Below Key Support

Pair: ETH/USDT

Timeframe: 15-Minute

Date: July 6, 2025

Author: JustanAverageTrader

🧠 Market Context:

Ethereum has shown consistent bearish structure on the 15-minute chart, with lower highs forming over the last few sessions. A clear support at $2,500.57 was recently broken, followed by a clean retest and rejection, signaling an ideal short entry.

📊 Technical Confluence:

Trendline Break:

The ascending trendline has been invalidated. Price broke below with momentum and is now trading decisively under it.

Retest & Rejection:

After the breakdown of $2,500.57, ETH retested the level as resistance and failed to reclaim it. This confirmed a structure shift to the downside.

EMA 9 (Short-Term Bias):

Price is trading well below the EMA(9), with the EMA sloping downward — a signal of short-term bearish pressure.

RSI (Momentum Indicator):

RSI is near 31, showing momentum favors sellers but also approaching oversold territory. Caution for bounce around support.

🎯 Targets:

First Target: $2,467.50 (recent support level — already retested once)

Second Target (if broken): $2,440

Extended Target: $2,400 psychological level

⚠️ Risk Management Notes:

Consider trailing your stop-loss once price nears $2,467.50

If strong bounce occurs with volume from this zone, be prepared to lock partial profits

RSI is approaching oversold; manage position actively

📝 Summary:

This is a clean SMC-style setup: break – retest – continuation.

ETH/USDT shows weakness below $2,500, and your short position is well-placed. Watch volume reaction at $2,467 for further continuation or reversal cues.

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