$ETH /USDT REJECTION FROM RESISTANCE – SHORT OPPORTUNITY UNFOLDING! ⚠️📉
Ethereum faced a clear rejection near the $1,658 level and is now showing signs of weakening momentum on the 1H timeframe. Price is forming lower highs after a strong rally, suggesting profit-taking and bearish pressure entering the zone.
TRADE SETUP (SHORT):
Entry Zone: $1,620 – $1,630
Target 1: $1,600
Target 2: $1,583
Target 3: $1,570
Stop Loss (SL): $1,640
Leverage Suggestion: 5x–10x for short-term traders. Maintain tight SL due to ETH volatility.
MARKET OUTLOOK:
ETH’s recent pump faced a strong rejection from overhead resistance near $1,658, and the current structure indicates a potential trend reversal on the lower timeframes. A break below $1,610 will further confirm bearish continuation toward deeper supports. Momentum indicators suggest selling pressure is mounting.
Pro Tip: Set alerts near $1,610 – breakdown below this level adds strong confirmation to the short setup.