$ETH /USDT — BEARS PRESSURE PRICE NEAR KEY SUPPORT ZONE
Ethereum has faced a sharp rejection from the $4,788 high, breaking below short-term moving averages and testing the $4,451 support level. Sellers are in control, and unless price reclaims $4,600 quickly, further downside toward deeper support is likely.
Trade Setup (Short Bias)
Entry Zone: $4,560 – $4,590
Take Profit 1: $4,500
Take Profit 2: $4,450
Stop Loss: $4,630
Market Outlook:
ETH remains under bearish momentum on the hourly chart, with the 7-MA and 25-MA sloping downwards. A break below $4,450 could accelerate selling toward $4,390. Bulls need strong buying volume above $4,600 to shift the momentum.
#Ethereum #ETHUSDT #CryptoTrading #BearishTrend #Binance ⁵
buy and trade here on $ETH