*Ethereum ($ETH ) Short Signal Alert!*
A clear trend reversal from bullish to bearish is unfolding for $ETH ETH/USDT. Key indicators point to a potential downturn:
- *Structure Shift*: A market structure shift (MSS) followed by multiple breaks of structure (BoS) confirms a trend reversal.
- *Lower Highs and Lows*: Price is forming lower highs and lower lows, characteristic of a downtrend.
- *Supply Zone Rejection*: Price reacted strongly to a key supply zone, indicating robust resistance.
- *Liquidity Grab Expected*: A potential liquidity grab may occur before further decline.
*Trading Strategy:*
- *Short Setup*: The short setup is valid unless price breaks above the previous high.
- *Target Zone*: The demand zone around $3,427 - $3,360 is the target area.
- *Entry, TP, and SL*: Consider entering at $3,705 with a target price of $3,429.75 and a stop-loss at $3,805.99.