📉 $ETH/USDT – Short Setup After Resistance Rejection

$ETH recently retested the $3,850 resistance zone but failed to break higher, forming a potential double top on the 4H chart. With bearish pressure mounting and $BTC showing weakness below $117K, $ETH could face a correction in the near term.

đŸ”» SHORT Entry Zone:

$3,730 – $3,850

🎯 Take Profit Targets (TP):

$3,660

$3,590

$3,480

$3,360

$3,250+

❌ Stop-Loss (SL):

$3,970

📊 Technical Indicators:

RSI showing bearish divergence on the 4H

Price forming a lower high near major resistance

Volume decreasing on upward pushes – momentum fading

🔎 Note: Keep an eye on $BTC — any sharp breakdown from current levels may accelerate $ETH 's downside move.

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