$ETH USDT – DISTRIBUTION ZONE REACHED! SHORT TRADE SIGNAL

REJECTED NEAR $3,040

BEARISH CONSOLIDATION FORMING UNDER RESISTANCE

$ETH rallied sharply but failed to hold above $3,040, now stalling around $2,955.70 with tight sideways action. This price action near the top signals buyer exhaustion and possible distribution before a pullback.

Trade Setup (4H Timeframe):

Short Entry: $2,950 – $2,980

Targets:

TP1: $2,880

TP2: $2,800

TP3: $2,720

Stop Loss: $3,065

Market Outlook:

Momentum is fading and consolidation near the highs suggests potential for a corrective move if bulls fail to break out convincingly.

#ETHUSDT #Ethereum #CryptoTrade #ShortSignal #BinanceFutures