$ETH /USDT โ Bearish breakout imminent ๐จ
Ethereum is showing signs of weakness after failing to hold above the 3,480 resistance zone. The price action indicates that with bears dominating below the short-term support level, further downside may occur. The recent high pullback and weakening momentum suggest that bears are gradually taking control of the market.
๐ Technical Outlook:
Trend: Bearish continuation pattern formed after failed breakout.
Entry (Short): Enter after confirming a drop below the 3,430 area.
Target Price (TP): 3,360 / 3,300 / 3,200
Stop Loss (SL): Set above the 3,485 resistance zone.
โ๏ธ Risk Management:
Use a maximum of 2% of total capital for each trade and adjust position size based on volatility to reduce drawdown risk.
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$ETH
