$ETH /USDT – SHORT SETUP IN PLAY
$ETH faced rejection near $4,508, marking a local high before pulling back. The current candle shows weakness after a sharp red move, with price struggling to reclaim lost ground around $4,478. Sellers appear active at resistance, while downside pressure is building as volume fades after the recent spike.
Trade Setup:
Short Entry: $4,480 – $4,490
Target 1 (TP1): $4,455
Target 2 (TP2): $4,430
Stop Loss (SL): $4,510
Market Outlook:
ETH is showing rejection at resistance and may retest lower supports. A break under $4,455 could accelerate the bearish momentum.