$ETH / Short Trading Signal 🚦🛑
Bearish Setup – The false breakout above the support area may lead to a decline!
Attempted a breakout from the descending angle but faced rejection below the resistance at $2,626.
The price is now consolidating near the support area that has turned into resistance, showing signs of weakness.
Lower highs and the failed push above the supply area indicate that continued decline may follow.
If it fails to reclaim the $2,620–$2,630 level, we may see further downward pressure towards the $2,550 area.
Watch for an increase in selling volume as a sign of continuation.
Trading Setup (Short):
Entry: $2,608 – $2,620
Target 1: $2,564
Target 2: $2,530
Stop Loss: $2,628
Buy and trade here at $ETH