$ETH BEARISH REVERSAL IMMINENT – SHORT ENTRY OPPORTUNITY

$ETH is showing strong bearish momentum $100% trading activity. The whale's $531.6M -$30.1M drawdown indicate a failed breakout and potential further downside. Price rejection from the $3,442 resistance level has been significant, leading to a possible continuation of the downtrend.

Technical Breakdown:

Bearish divergence on RSI signals exhaustion of bullish strength.

MACD crossover below the signal line confirming bearish momentum.

Price action forming a Lower High pattern with failure to break key resistance.

Volume spike on red candles indicates strong selling pressure.

Rejection from Fib 0.618 retracement zone adds confirmation.

TRADE SETUP – SHORT

Entry: On retest of $3,420–$3,440 resistance zone

Target 1 (TP1): $3,200

Target 2 (TP2): $3,050

Stop Loss (SL): $3,480

Risk Management:

Use a maximum of 1–2% of your total capital. Adjust position size to keep SL impact minimal. Avoid overleveraging.

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