🚨 $ETH /USDT – Breakdown Confirmed After Rejection at $1,658! Bears Gaining Ground 🚨

Ethereum is now trading at $1,574.45, down -0.27%, after failing to hold above the $1,650 resistance zone. The sharp reversal on the hourly chart has pushed ETH below all key moving averages, confirming a short-term bearish trend.

24H Snapshot:

High: $1,658.75

Low: $1,569.00

Volume: 637.8K ETH / $1.03B USDT

Technical Analysis:

ETH briefly spiked to $1,658 but couldn’t sustain momentum. The fall below MA(99) at $1,600 and continued rejection from MA(25) at $1,615 has opened room for further downside. Price is hovering just above intraday support at $1,569.

Trade Setup – SHORT SETUP ACTIVE:

Entry Zone: $1,576 – $1,585

Target 1: $1,555

Target 2: $1,530

Final Target: $1,495

Stop Loss: $1,605

Why This Setup Works:

Bearish crossover of MAs, heavy selling candles, and break below support confirms short-term control by sellers. Weak bounce attempts suggest further dips likely.

Risk Tip:

Watch for potential consolidation near $1,560–$1,570 before continuation. Reduce size if entering late to manage risk.

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