$ETH /USDT: Strategic Short Opportunity!

Market Analysis:

Ethereum ($ETH /USDT) has confirmed bearish momentum after breaking critical support levels. The brief consolidation around $3,400 suggests a potential for further downside movement.

Trade Setup:

🔹 Entry Point: $3,400 (current level)

🔹 Stop Loss (SL): $3,480 (above recent resistance)

🔹 Take Profit 1 (TP1): $3,320 (first key support zone)

🔹 Take Profit 2 (TP2): $3,250 (next major support level)

Rationale:

1. Bearish engulfing candlestick confirmed on the 1-hour chart, signaling strong selling pressure.

2. Momentum indicators such as RSI and MACD show a lack of recovery strength.

3. The risk-to-reward ratio supports a favorable short trade setup.

Risk Management:

Maintain a moderate position size.

Adjust the stop-loss if ETH/USDT surpasses $3,450 resistance convincingly.

Stick to your trading plan and prioritize capital protection.

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