๐ $ETH Hit Hard at Resistance โ Bears Step In! ๐๐ฆ
Ethereum touched the $3,100 resistance and was immediately pushed back, forming a strong bearish engulfing candle on the 30-minute chart. Momentum has clearly shifted, and price is pulling back after failing to stay above this key supply zone.
This opens the door for further downside unless $3,100 is reclaimed soon โ sellers are likely targeting lower support levels.
๐ป Short Trade Setup:
โข Entry Range: $3,055 โ $3,070
โข ๐ฏ Target 1: $3,000
โข ๐ฏ Target 2: $2,950
โข ๐ฏ Target 3: $2,933
โข โ Stop Loss: $3,100
โข ๐ผ Risk: 2โ3% of wallet
โข โ๏ธ Leverage: 10x
๐ Insight: As long as ETH trades below $3,100 and volume remains weak, bearish pressure may persist โ ideal conditions for a short-term rejection play. โ ๏ธ๐ง
