#StopLossStrategies 🚨 ETH/USDT Falls Sharply as Key Support Breaks – Bears in Control! 🚨
Ethereum has plunged -9.39% on the 4-hour chart, breaking below the crucial $1,662 support and hitting a low of $1,602. This confirms strong bearish momentum, with key indicators flashing red:
📉 Bearish Signals:
✅ MACD – Deep in negative territory, confirming seller dominance.
✅ Parabolic SAR – Dots flipped above price, signaling a strong downtrend.
✅ Moving Averages – ETH trading below key levels, reinforcing short-term weakness.
✅ Volume Surge – Breakdown saw a spike, indicating capitulation selling.
🔻 Trade Setup (SHORT):
🔸 Entry: $1,620
🔸 Take Profit (TP1/TP2): $1,580 / $1,540
🔸 Stop Loss (SL): $1,650
📊 Market Outlook:
• The lower-high, lower-low structure confirms the 4H downtrend remains intact.
• $1,662 flips into resistance – ETH must reclaim it to trigger a relief bounce.
• Next support levels: $1,600 (psychological level), with further downside risk to $1,550 if selling pressure persists.
• $150M+ in ETH long liquidations have intensified the drop, amplifying market fears.
💡 Key Question: Can bulls reclaim $1,662, or is ETH heading toward deeper lows? Share your thoughts! 👇
#BTCBelow80K #StopLossStrategies #CryptoTariffDrop #ETH #BinanceAlphaAlert 🚀