🔻 Ethereum Bearish Breakdown in Play – Eyes on Short Targets!

$ETH / ETHUSDT

📉 Current Price: ~$3,613 (+1.51%)

Ethereum’s price action on the 1H chart is painting a classic bearish picture. After testing and rejecting from the upper resistance of a descending channel, ETH is flashing strong signals of continued downside pressure.

🚨 Key Sell Zone:

📍 $3,660–$3,670 — This area marks the channel top, where sellers have stepped in aggressively. The repeated rejection here adds fuel to the bearish fire.

🎯 Bearish Targets:

TP1: $3,580

TP2: $3,500

TP3: $3,420

TP4: $3,300–$3,320 (major channel support)

📌 Risk Management:

Stop-losses are tightly placed above the recent double top at $3,880 — smart positioning in case of a sudden upside breakout.

$SOL

$BNB

📊 Technical Outlook:

Consistent lower highs within the channel

Strong sell-off from resistance

Momentum favors the downside until bulls reclaim control above $3,670

⏳ This setup is a textbook short scenario for tactical traders. If price remains pinned below resistance, the path of least resistance is down.

⚠️ Stay vigilant. ETH is offering sharp opportunities for those ready to capitalize on bearish momentum!

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