$ETH /USDT BEARISH SETUP HOLDING UNDER RESISTANCE – SHORT OPPORTUNITY STILL VALID
Current Price: $2,536.66
24h High / Low: $2,575.31 / $2,488.72
24h Volume (ETH): 324,606.24
Trend: Sideways-to-bearish, facing rejection below resistance
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📉 Technical Analysis:
Ethereum continues to trade below the $2,575–$2,580 resistance zone, with weak bullish follow-through. The price is hovering under a critical breakout level, and despite small intraday bounces, sellers are defending the area aggressively. This maintains a bearish short-term bias unless ETH can convincingly break above $2,580.
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🔑 Key Levels:
Resistance:
$2,575 – Local rejection point
$2,600 – Major resistance and psychological level
$2,650 – Next target if breakout occurs
Support:
$2,500 – Key psychological and structural support
$2,450 – Previous demand zone
$2,400 – Daily swing low
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🧭 Trade Setup: SHORT BIAS
Entry: $2,535–$2,545 (current range)
Stop Loss (SL): $2,585
Take Profit (TP):
TP1: $2,500
TP2: $2,450
TP3: $2,400
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⚖️ Risk Management:
Risk per trade: 1–2% of your capital
Aim for 2:1 or higher reward-to-risk ratio
Adjust position size to match SL distance
Consider taking partial profits at TP1
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⚠️ Breakout Trigger:
If $ETH closes above $2,585 on a 4H or 1D chart with volume spike, this bearish scenario becomes invalid, and bullish continuation toward $2,650–$2,700 becomes likely.
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Let me know if you'd like a visual chart, or updates for when ETH breaks above or below these critical levels.
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