$ETH /USDT – Bearish Pullback After Failing to Hold Above $1,600

ETH/USDT is currently trading at $1,548.10, down 2.69% over the last 24 hours. After hitting a high of $1,640.00, Ethereum faced strong resistance and retraced significantly. The 1H chart shows a clean rejection from the $1,600+ zone and a lower high forming — signaling a short-term bearish structure.

Support from the $1,471.02 low held during the last sell-off, and price has since recovered modestly. However, bulls must reclaim $1,570+ quickly to reverse the pressure. If price dips below $1,520 again, further downside toward $1,480–$1,450 becomes likely.

Short Trade Signal (if $1,570 fails):

Entry Zone: $1,545 – $1,555

Target 1: $1,510

Target 2: $1,475

Final Target: $1,440

Stop Loss: $1,580

Watch for rejection candles near $1,560–$1,570 with weak volume to confirm bearish continuation. Momentum remains fragile unless bulls flip $1,580.

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