$ETH /USD BEARISH BREAKDOWN ALERT – SELL PRESSURE BUILDING BELOW 4,475
Immediate Explanation of Market’s Next Move
On the current chart, Ethereum (ETH/USD) is trading around $4,471 after multiple rejections at the $4,480 supply zone (highlighted grey area). Price is consolidating just above the marked red support at $4,470. A clean break and close below this level could trigger a short-term bearish move toward lower supports as buyers appear exhausted near resistance.
Trade Setup
Type Entry Stop Loss (SL) Target / Take Profit (TP)
Short Break below $4,470 with confirmation candle SL above $4,485 (above resistance zone) TP1: $4,460 – TP2: $4,451 – Extended TP3: $4,440
(Aggressive traders could pre-emptively short near $4,475 with the same SL and targets.)
Short Market Outlook
ETH/USD is showing weakness at the $4,480 supply zone with lower highs on intraday candles. If the $4,470 support gives way, sellers may push it toward $4,451–$4,440. Only a strong bounce back above $4,485 would invalidate this bearish view and turn momentum bullish again.
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