$ETH /USDT BEARISH PRESSURE BUILDS — BOUNCE MAY BE SHORT-LIVED!
ETH has shown a brief recovery after forming a local bottom near $1,785. However, the broader structure remains bearish on the 15-minute chart with lower highs and lower lows. Current price action at $1,802.85 indicates a relief rally rather than a confirmed reversal, and selling pressure could resume below key resistance.
Trade Setup:
Short Entry: $1,805 – $1,810
Take Profit (TP): $1,785 / $1,770
Stop Loss (SL): $1,818
Market Outlook:
If ETH fails to reclaim the $1,810 resistance zone with strong volume, sellers are likely to regain control. A decisive break below $1,790 would further validate the bearish continuation. Traders should remain cautious and avoid long positions until confirmation of trend reversal.
Command: Stay sharp, the trend still favors the bears — trade with tight stops!
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