$ETH /USDT short trade signal 🚦 🛑
BEARISH CONSOLIDATION — FURTHER DROP LIKELY BELOW SUPPORT ZONE!
$ETH/USDT is currently stuck in a tight consolidation below the $1,600 mark after a strong downtrend from the $2,000+ zone. The sideways structure with lower highs and flat support signals weakening buyer interest and a likely breakdown if $1,550 fails to hold. Sellers continue to dominate the structure.
Trade Setup:
Short Entry: $1,570 – $1,585
Take Profit (TP): $1,520 / $1,460
Stop Loss (SL): $1,615
Market Outlook:
Ethereum remains under bearish pressure with no significant bullish reversal patterns forming. Volume is declining, which aligns with a potential breakdown. A daily close below $1,550 will confirm further bearish continuation.
buy and trade here on $ETH
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