🚨 $ETH /USDT Trading Signal - Significant Downtrend, Support Test in Progress 🚨

Key Levels

Current Price: $3,079.64

Immediate Support: $3,050.00

Resistance Levels: $3,120.00, $3,175.00

Trade Setup

Short Position Strategy:

Entry Range: $3,080.00 - $3,100.00

Targets:

Target 1: $3,050.00

Target 2: $3,000.00

Target 3: $2,950.00

Stop Loss: $3,150.00

Technical Analysis

ETH/USDT has seen intensified selling pressure, pushing prices to test the $3,066.44 level. If the $3,050.00 support fails to hold, further declines toward $3,000.00 are expected. However, any short-term relief rally is likely to face resistance near $3,120.00 or $3,175.00. This bearish trend suggests shorting opportunities, particularly if price consolidates below $3,100.00.

Action Plan

Initiate short positions within the entry range and secure profits at each target.

Use a tight stop-loss at $3,150.00 to manage risk effectively.

Monitor volume for confirmation of downward momentum.

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