🚨 *Market Alert: $ETH/USDT Bearish Trend* 📊
*Ethereum's Price Action* 💥
Ethereum is trading around $4,268, with a 1.99% decrease. The price is sliding toward the lower Bollinger Band ($4,227), indicating potential further downside.
*Key Points* 📈
- *Resistance Levels*: $4,357 (middle Bollinger Band) and $4,488 (upper Bollinger Band) are acting as strong resistance.
- *Support Levels*: $4,200-$4,227 is a crucial support zone. Holding above $4,227 could trigger a short-term bounce back toward $4,350-$4,400 resistance.
- *Trade Setup*: Consider shorting at $4,260-$4,280, with take profit targets at $4,210 and $4,150, and a stop loss at $4,360.
*Market Outlook* 🔮
If Ethereum loses the $4,200 support, further downside could open toward $4,000 psychological support. However, a bounce back toward $4,350-$4,400 resistance is possible if the price holds above $4,227. The bias remains bearish unless bulls reclaim $4,360+.
*Hashtags* #MarketPullback #RedSeptember $ETH