$ETH
/USDT BEARISH BREAKDOWN — BULLS LOSE GRIP AFTER STRONG SPIKE!
$ETH /USDT faced heavy rejection near $2,624 and has since been sliding, currently stabilizing around $2,456. The hourly chart shows a lower high formation and consistent selling pressure — signaling that momentum has shifted to the downside.
Trade Setup (SHORT):
Entry: $2,460 – $2,475
Take Profit (TP): $2,400 / $2,350
Stop Loss (SL): $2,505
Market Outlook:
The price has broken below the intraday trend structure and is now testing the $2,450 level. As long as ETH remains below $2,500, bears hold the edge. A retest of recent lows is likely if selling volume increases.
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