$ETH
USDT BEARISH PULLBACK – SELLERS GAINING CONTROL BELOW KEY LEVELS 🔻
Ethereum has failed to hold above the intraday resistance near 2440, triggering a sharp bearish rejection that pushed the price down to the 2390 support zone. Currently, ETHUSDT is trading at 2420.53, showing minor recovery, but momentum remains weak.
🔑 Key Levels
Resistance: 2440 – 2463
Support: 2390 – 2377
Current Price: 2420.53
📊 Trade Setup (Short)
Entry Zone: 2422 – 2435
Take Profit 1: 2395
Take Profit 2: 2377
Stop Loss: 2448
📉 Market Outlook ETHUSDT is under bearish pressure on lower timeframes as sellers defend the 2440 resistance aggressively. Price structure indicates potential for further downside retests towards 2377 if bearish momentum sustains.
⚠️ Risk Management Use strict stop loss and risk only 2-3% of wallet per trade. Avoid overleveraging as volatility remains high.
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💬 Comment 🔻 if you see further downside for Ethereum.
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