🚨 $ETH /USDT – Heavy Rejection at $1,658 Sparks Sharp Dump! Bears Regain Control 🚨

Ethereum faced a strong rejection from $1,658 and dropped rapidly to a low of $1,571, now trading at $1,579.90 (+0.05%). This steep move marks a full reversal of the earlier rally, showing a decisive shift in short-term momentum.

24H Overview:

High: $1,658.75

Low: $1,571.37

Volume: 617K ETH / 1.00B USDT

Technical Outlook:

The 15m chart reveals a classic lower-high pattern followed by a swift breakdown, closing below multiple support levels. The high volume candle during the fall confirms panic selling or aggressive shorting, leaving ETH vulnerable to further dips if $1,580 fails to hold.

Trade Signal – SHORT SETUP ACTIVATED:

Entry Zone: $1,580 – $1,590

Target 1: $1,555

Target 2: $1,530

Final Target: $1,500

Stop Loss: $1,603

Why This Signal Works:

Strong bearish engulfing move with momentum breaking previous support. Lower highs, lower lows, and a failure to reclaim $1,600 signal an active short opportunity.

Risk Tip:

Use a tight SL and adjust if ETH bounces strongly. Avoid late entries—this move relies on quick reaction near resistance re-test zones.

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