$ETH /USDT – BEARISH MOVE BREWING AS KEY SUPPORTS BREAK ONE BY ONE!
Current Price: $2,550.01
#Ethereum is showing signs of weakness as it struggles to hold above critical support levels. With lower highs and consistent pressure near $2,550, the market hints toward a bearish continuation unless a quick bounce occurs.
Key Levels to Watch:
Immediate Resistance: $2,570 and $2,576
Key Support Levels: $2,535 (TP1), $2,530 (TP2), and $2,500 (Major Support)
The price rejected from $2,576 and has steadily declined. Multiple touches at the $2,550 region indicate it is being tested too often, increasing the chances of a breakdown. If $2,550 fails, a cascade to $2,530–$2,500 could follow.
🔻 Trade Setup (SHORT):
Entry: $2,550
Take Profits:
TP1: $2,535
TP2: $2,530
TP3: $2,500
Stop Loss: $2,576
📉 Market Outlook:
The momentum is weakening with lower lows and weak volume support on the bullish side. Unless Ethereum reclaims $2,570 with strength, bears remain in control. Eyes on volume spikes and BTC correlation for validation.
📌 Risk Management Tip:
Use only 1–2% of your capital per trade. Always set stop loss and adjust lot size accordingly to control risk exposure.
