$ETH /USDT BEARISH REJECTION FROM KEY RESISTANCE – SHORT SETUP IN PLAY

Ethereum is currently trading at $2,549.63, showing signs of exhaustion below $2,600, failing to hold the highs and now potentially entering a bearish correction phase.

KEY LEVELS TO WATCH:

Immediate Resistance: $2,600 – $2,620

Key Support Zone: $2,500

Major Support: $2,400

TRADE SETUP – SHORT POSITION

A clear rejection near $2,600 and decreasing volume hint at a pullback opportunity.

Entry: $2,550 – $2,590 (on weak candle close below $2,600)

Targets (TP):

• TP1: $2,500

• TP2: $2,440

• TP3: $2,400

Stop Loss (SL): $2,630 (above resistance wick)

ALTERNATE BREAKOUT SCENARIO:

A strong breakout and daily close above $2,620 could push ETH towards $2,700+. Watch for bullish volume confirmation before flipping bias.

RISK MANAGEMENT

• Stick to 1–2% capital per trade

• Use tight stop loss near resistance

• Trail stop once TP1 hits to protect gains

Bearish bias until $2,600 is reclaimed with strength. Trade smart.

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