$ETH /USDT ā BEARISH BREAKDOWN AHEAD? š»
ā ļø LOWER HIGHS FORMING
ā ļø KEY SUPPORT UNDER PRESSURE
ā ļø VOLUME DROPPING ON BOUNCES
Ethereum is currently trading around $2,695, showing a sharp -3.96% drop. It has lost momentum after failing to hold the $2,800 resistance and is now testing a crucial support zone at $2,690ā$2,700. A breakdown below this level could trigger more downside.
š Key Levels:
Resistance: $2,780 ā $2,830
Support: $2,690 ā $2,640
š¼ Trade Setup:
Short Entry: $2,700ā2,690
TP1: $2,640
TP2: $2,580
SL: $2,740
š Risk Management:
Use 2ā3% of capital per trade. Stick to defined SL, and avoid revenge trading. Let the trend guide you.
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