🚨 $ETH /USDT Market Update ⚠📉
📍 Current Price: $1,560
📊 Resistance Zone: $1,585 – $1,610
📉 Support Zone Below: $1,491
ETH is currently trading just below the resistance zone and has started to break down after multiple rejections from the supply area. The recent lower high formation indicates weakening bullish momentum.
🔍 Key Observations:
🔻 Price is breaking down from the marked supply zone near $1,600 and showing signs of bearish continuation.
🔻 If ETH holds below $1,560 and loses $1,520 next, the move toward $1,491 demand becomes likely.
🔻 Clean bounce from $1,491 can give bulls another short-term play back into resistance — but structure remains bearish unless that zone is reclaimed.
📊 Today’s Market Catalyst:
📌 5:30 PM (Pakistan Time) – Core & Retail Sales (USD)
➡️ Strong data can increase USD strength and put pressure on ETH.
📌 10:30 PM (Pakistan Time) – Fed Chair Powell’s Speech
➡️ Hawkish tone or rate hike talk can trigger more downside volatility.
⚠ Trade Smart:
Price is mid-range — wait for either a retest of $1,491–$1,520 support for bounce plays, or confirmation above $1,585 for strength.
