$ETH
/USDT BEARISH TURN — UPTREND REJECTED NEAR $2,530 LEVEL!
Ethereum faced rejection at the $2,530 resistance after a recovery bounce, now trading back at $2,515. The failure to close strong above the recent swing high signals a potential bearish continuation toward support. A lower high formation is visible on the 1H chart, which weakens bullish strength.
Trade Setup (Short):
Entry: $2,510 – $2,525
Take Profit (TP): $2,470 / $2,430
Stop Loss (SL): $2,545
Market Outlook:
If ETH stays below $2,530, bears will likely control momentum in the short term. A break below $2,500 can accelerate downside pressure. Watch closely for high-volume red candles to confirm the move.
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