$ETH Bearish Reversal in Progress — Sellers Regain Control After Rejection at $2,734
Ethereum $ETH failed to break above the critical resistance at $2,734, forming a classic double-top pattern and sliding toward a key support area. Currently trading around $2,583, the 4H chart shows increasing bearish momentum.
Key Levels to Watch:
• Resistance: $2,734 (recent high), $2,664
• Support: $2,483 (short-term), $2,393 (major support)
Short Trade Setup:
• Entry Zone: $2,580 – $2,590
• Take Profit 1: $2,483
• Take Profit 2: $2,393
• Stop Loss: $2,665
Risk Management Tips:
Limit risk to 1–2% per trade. Avoid overleveraging, especially during trend reversals. Always look for confirmation via rejection candles at resistance levels.
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The trend is shifting rapidly — lock in your gains before the bulls push back.
