🟥🟩 $ETH USDT BEARISH SETUP: REJECTION FROM SUPPLY ZONE
#Ethereum is currently showing weakness after testing the strong supply zone near $2,515-$2,522. Price is consolidating below resistance, indicating sellers are defending this level strongly.
🔑 Key Levels:
Resistance: $2,515 – $2,522 (strong supply zone)
Support: $2,442 – $2,424 (demand zone)
Current Price: $2,506
📉 Trade Setup (Short):
Entry: $2,506 – $2,510
Targets:
TP1: $2,492
TP2: $2,478
TP3: $2,442
Stop Loss: $2,528 (above supply rejection)
💡 Market Outlook:
$ETH had a sharp bullish move earlier, but is now facing clear resistance with wicks rejecting higher levels. If price remains below $2,515, a bearish retracement towards $2,442 is expected.
⚠️ Risk Management:
Always use SL and manage position size strictly. Risk only 1-2% of your capital per trade to maintain consistency and protect equity.
🔻 Stay patient for breakdown confirmation below $2,500 before adding full position.