$ETH /USDT – SHORT TRADE SIGNAL! 🚨
Market Insights:
$ETH reached a local high of $4,576 but failed to hold above that resistance, showing strong rejection with a bearish engulfing candle forming on the 30M timeframe. Currently trading at $4,507, Ethereum is struggling to maintain bullish momentum, and sellers are beginning to step in. A clean break below $4,500 could open the way for deeper downside targets in the short term.
Key Levels:
Resistance: $4,560 – $4,575
Support: $4,500 – $4,450
Entry Zone (Short): $4,510 – $4,540
🎯 TP1: $4,470
🎯 TP2: $4,440
🎯 TP3: $4,400
🛑 Stop Loss: $4,580
💡 Pro Tip: Look for a 30M close below $4,500 to confirm bearish strength and reduce fake breakout risks before entering aggressively.
Would you like me to also prepare a long trade scenario in case $ETH breaks above $4,575 resistance instead of rejecting?