$ETH /USDT BEARISH MOMENTUM INTENSIFIES — ETH LOSING GRIP BELOW KEY SUPPORT LEVELS!
#Ethereum is currently trading around $2,530.51, marking a sharp decline of -1.89%, showing clear bearish momentum as it breaks below several key support zones.
Key Technical Levels:
Current Price: $2,530.51
Immediate Resistance: $2,582 – $2,600
Major Resistance Zone: $2,615 – $2,630
Immediate Support: $2,515 – $2,500
Major Support Zone: $2,470 – $2,440
Volume Analysis: Increasing sell pressure with T 708 indicates strong bearish sentiment.
Price is struggling to hold above the psychological support of $2,530, and the breakdown below $2,550 confirms short-term weakness. If $2,500 fails to hold, we may see a rapid drop toward $2,470 and $2,440.
Trade Setup – SHORT ENTRY
Entry: $2,530 – $2,540
Take Profit Targets (TP):
TP1: $2,500
TP2: $2,470
TP3: $2,440
Stop Loss (SL): $2,582 (above minor resistance)
Risk-Reward Ratio: Approx. 1:2.5 – favorable for a short position.
Market Outlook:
Ethereum's momentum has flipped bearish after failing to sustain above $2,600. The current trend suggests a continuation to the downside unless bulls reclaim $2,582+. Macro uncertainty and declining volume on bullish candles further support a bearish continuation.
Risk Management Tip:
Always risk 1-2% of your capital per trade and adjust lot size accordingly. Stick to the plan, don’t chase the market.