$ETH Rejection at Resistance – Bearish Move in Play?
Ethereum faced a sharp rejection near the $3,720 resistance zone and is now forming a clean lower high structure. Price action suggests a potential bearish reversal with strong downside room if momentum continues. Traders may look for short opportunities targeting deeper support zones.
Trade Setup:
Type: SHORT
Entry Zone: $3,670 – $3,680
Stop Loss: $3,721
Target 1: $3,600
Target 2: $3,563