$ETH /USDT – Short Setup Active Near Local Resistance
Ethereum is trading around $1,644 after failing to sustain momentum above $1,660. A clear rejection from the upper wick zone suggests weakness, with sideways consolidation forming near resistance.
Short Trade Setup:
Entry: $1,644.00
Target: $1,617.14
Stop Loss: $1,658.13
Why This Trade?
Lower highs and fading bullish pressure on the 15m chart indicate potential short-term retracement. Bears may aim for a revisit of the $1,620 demand zone.
Risk Tip: Keep position size moderate; ETH can spike on volatility.