ETH/USDT (Ethereum)

Date: July 6, 2025

Type: Short

Entry Price: $3,160

Take Profit: $3,020

Stop Loss: $3,230

Risk/Reward Ratio: 1:2

Confidence Level: Medium ⚠️

Timeframe: 1H

Analysis Summary:

ETH rejected resistance at $3,180 with strong bearish engulfing candle.

Bearish divergence forming on RSI and MACD.

1H structure breaking below recent support at $3,150.

Low volume on recovery attempts suggests weakness.

Recommendation:

Enter short with tight risk management. Monitor BTC as ETH often follows its movement closely.