$ETH/USDT: Bearish Reversal Confirmed – Sellers Take Control!**
$ETH faced strong rejection at the **$1,658 resistance**, plunging to **$1,537** before a minor rebound to **$1,575**. The sharp bearish candle and failed retest near the breakdown level confirm **dominant selling pressure**.
### **Key Levels to Watch:**
- **Resistance:** $1,584 – $1,611 (New sell zone)
- **Support:** $1,537 – $1,511 (Next downside targets)
- **Current Price:** $1,575
### **Trade Idea (Short):**
- **Entry Zone:** $1,578 – $1,584
- **Take Profit 1:** $1,537
- **Take Profit 2:** $1,511
- **Stop Loss:** $1,613 (Above recent swing high)
### **Risk Management:**
- Use a **tight stop-loss** to protect capital.
- Maintain a **2:1 risk-reward ratio**.
- Reduce position size in high-volatility zones.
**Caution:** Monitor for potential consolidation or pullback before entry.