$ETH Market Outlook:
$ETH Ethereum has decisively rejected the $4,680–$4,700 resistance zone after several failed breakout attempts. The latest strong red candle cutting below $4,600 signals heavy selling pressure, with momentum favoring the bears unless buyers can reclaim $4,650 quickly.
Key Levels to Watch:
Resistance: $4,650 – $4,700
Support: $4,520 – $4,480
Short Entry Zone: $4,600 – $4,620
Trade Targets:
🎯 TP1: $4,560
🎯 TP2: $4,520
🎯 TP3: $4,480
Stop Loss: 🛑 $4,670
💡 Pro Tip: Wait for a brief pullback toward $4,600 before entering. This helps optimize your risk/reward ratio and avoids chasing price during strong bearish moves.
