$ETH short trade signal 🛑 🚦
FACING A NEW SELL — BEARS ENTERING BELOW THE KEY RESISTANCE!
Ethereum shows signs of exhaustion just below the resistance zone of $1,800. After several failed breakout attempts, the price is rejecting this level again and starting to fall. The structure highlights a strong supply zone above, with lower highs indicating weakening bullish momentum and a likely bearish continuation.
Trade Setup (Short):
Entry: $1,790 - $1,795
Take Profit (TP): $1,750
Stop Loss (SL): $1,817
Market Outlook:
ETH is losing strength near the mid-range resistance zone and now favors downside potential. If the current rejection holds, a drop towards the demand zone near $1,750 is likely. A break below $1,780 would accelerate the move. The short trend remains valid unless ETH recovers and holds above $1,800.