**ETH/USDT $ETH Trade Setup**
**Current Price:** $1,609.75
**Trend:** Bearish, with a sharp decline from $2,608.86 high.
**Support/Resistance Levels:**
- **Support:** $1,385.05 (recent low)
- **Resistance:** $1,839.61 (previous consolidation zone)
**Analysis:**
Price has broken below the MA(6) at $1,676.77 and MA(10) at $1,510.65, showing strong bearish momentum. RSI(6) at 49.14 indicates neutral momentum but leaning toward oversold territory.
**Trade Setup:**
- **Bearish Entry:** Short at $1,609.75
- **Target 1:** $1,385.05 (support)
- **Target 2:** $1,326.77 (next psychological level)
- **Stop-Loss:** $1,839.61 (above resistance)
- **Bullish Entry (Wait):** Buy at $1,385.05 if support holds with confirmation (e.g., bullish candlestick).
- **Target:** $1,839.61
- **Stop-Loss:** $1,326.77
**Recommendation:**
Not a buying opportunity yet—price is in a downtrend. Wait for a bounce at $1,385.05 support with confirmation for a long position. For now, a short setup looks safer.