🔻 Ethereum Short Setup – Clean Breakdown Below Key Support
Pair: ETH/USDT
Timeframe: 15-Minute
Date: July 6, 2025
Author: JustanAverageTrader
🧠 Market Context:
Ethereum has shown consistent bearish structure on the 15-minute chart, with lower highs forming over the last few sessions. A clear support at $2,500.57 was recently broken, followed by a clean retest and rejection, signaling an ideal short entry.
📊 Technical Confluence:
Trendline Break:
The ascending trendline has been invalidated. Price broke below with momentum and is now trading decisively under it.
Retest & Rejection:
After the breakdown of $2,500.57, ETH retested the level as resistance and failed to reclaim it. This confirmed a structure shift to the downside.
EMA 9 (Short-Term Bias):
Price is trading well below the EMA(9), with the EMA sloping downward — a signal of short-term bearish pressure.
RSI (Momentum Indicator):
RSI is near 31, showing momentum favors sellers but also approaching oversold territory. Caution for bounce around support.
🎯 Targets:
First Target: $2,467.50 (recent support level — already retested once)
Second Target (if broken): $2,440
Extended Target: $2,400 psychological level
⚠️ Risk Management Notes:
Consider trailing your stop-loss once price nears $2,467.50
If strong bounce occurs with volume from this zone, be prepared to lock partial profits
RSI is approaching oversold; manage position actively
📝 Summary:
This is a clean SMC-style setup: break – retest – continuation.
ETH/USDT shows weakness below $2,500, and your short position is well-placed. Watch volume reaction at $2,467 for further continuation or reversal cues.
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