Ethereum failed to sustain above the critical resistance at $2,734, forming a double-top pattern and dropping toward a key support zone. Currently trading around $2,583, bearish momentum is dominant on the 4H chart.
Key Levels:
Resistance: $2,734 (Recent High), $2,664
Support: $2,483 (Immediate), $2,393 (Major)
Short Trade Setup:
Entry: $2,580 – $2,590
Take Profit 1: $2,483
Take Profit 2: $2,393
Stop Loss: $2,665
Risk Management:
Risk only 1–2% per trade. Avoid overleveraging during reversals. Confirm rejection candles at resistance levels before entry.
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