$ETH

USDT BEARISH REVERSAL – MARKET LOSING MOMENTUM BELOW KEY RESISTANCE 🚨

ETH is currently trading at $2,538, showing rejection from the recent highs and forming lower highs on the hourly chart, indicating a potential short-term bearish reversal.

🔑 Key Levels:

Resistance: $2,580 – $2,605 (strong supply zone and recent rejection area)

Support: $2,520 (minor support), $2,480 (major support)

📉 Trade Setup (Short Entry):

Entry Zone: $2,540 – $2,550

Targets (TP):

TP1: $2,520

TP2: $2,500

TP3: $2,480

Stop Loss (SL): $2,565 (above minor resistance)

💡 Market Outlook: ETH is showing weakness after failing to sustain above $2,580. A break below $2,520 can trigger further downside momentum towards $2,480. Traders should watch for rejection candles below resistance for confirmation.

⚠️ Risk Management: Always risk only 1-2% of your capital per trade, and ensure your SL is placed properly to avoid liquidation in sudden reversals.

buy and trade here on $ETH

💭 Comment “🔥” if you caught this analysis early and are ready for the move.