$ETH USDT BEARISH REVERSAL SETUP – PRICE STRUGGLING TO HOLD ABOVE $3,500
Ethereum has rallied within a strong ascending channel, reaching $3,506 before showing signs of exhaustion. The price is now consolidating near $3,480 with a potential rejection from resistance. A breakdown below $3,470 could trigger a deeper correction.
Trade Setup:
Entry Zone: $3,475 – $3,490
Take Profit 1: $3,440
Take Profit 2: $3,404
Stop Loss: $3,510
Market Outlook:
ETH is at a critical resistance level. If bulls fail to hold above $3,500, short-term momentum could shift bearish, opening room for a pullback toward $3,400 support.
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