$ETH – BEARISH SETUP FORMING BELOW $3,865 RESISTANCE
REJECTION AT $3,865.64 WITH SIDEWAYS CONSOLIDATION
LOWER HIGH CANDLES & DECLINING VOLUME SIGNAL POSSIBLE REVERSAL
$ETH surged to $3,865.64 but is now showing signs of exhaustion as price consolidates near $3,826.17. The bullish momentum has stalled, and candles are forming lower highs with decreasing volume. If price breaks below $3,780, it could open the door for a deeper pullback toward $3,732 and $3,684.
SHORT ENTRY: $3,825 – $3,835
TARGET 1: $3,780
TARGET 2: $3,720
STOP LOSS: $3,875
A rejection near the top and fading momentum suggest caution — bears may take over if support cracks.