Alert $ETH USDT Strong bearish rejection from the supply zone — a deep dive is likely in the future

Ethereum faced strong rejection after a bounce in the supply zone 2,325–2,340. The hourly chart shows a sharp candle and a bearish engulfing pattern, indicating that sellers are in strong control. This recovery pump appears to be a bullish trap, with the market now ready to continue its descent towards the main demand.

Trade Setup 🔻 Short Trade Signal

Entry Zone: 2,309 – 2,325

Take Profit 1: 2,200

Take Profit 2: 2,124

Stop Loss: 2,340

Leverage: 10x

Risk Allocation: 2–3% of the portfolio

Market Outlook

The momentum remains bearish after a failed breakout attempt and strong rejection from the supply. The trends on higher time frames still favor sellers, and any weak bounce is being sold. Major support at 2,200 may be tested soon if the bearish pressures continue #USNationalDebt #MarketPullback #SwingTradingStrategy #CryptoStocks #DAOBaseAIBinanceTGE