$ETH USDT – SHORT TRADE SIGNAL🔴
REJECTION FROM $3,823 SUPPLY ZONE
BEARISH ENGULFING BELOW $3,763
ETHUSDT surged into the $3,800–$3,820 resistance block but failed to hold above. A sharp reversal is underway with price now breaking down below $3,763 support, signaling weakness and a potential short-term correction.
📉 Current Price Action:
Price is trading around $3,728 after rejecting from the recent high. A bearish engulfing pattern has formed, confirming downside pressure below the key mid-zone.
🛠 TRADE SETUP
• Entry Point: 3,728 – 3,763
• Stop Loss: 3,823
• Take Profit:
– TP1: 3,694
– TP2: 3,626
• Margin: 2–3% of wallet
• Leverage: 10x
📊 Market Outlook:
ETH is showing signs of a short-term top. If $3,700 fails to hold, a deeper pullback into the $3,620–$3,600 zone becomes likely.