$ETH USDT – LOCAL TOP FORMING NEAR $2,960, SHORT SETUP BUILDING

• MULTIPLE REJECTIONS BELOW $2,961

• SHORT-TERM BEARISH DIVERGENCE MAY BE DEVELOPING

$ETH USDT pushed to a local high of $2,960.70 but has struggled to break through convincingly. The price is now hovering just below resistance, with multiple wicks rejecting higher levels — a potential sign of exhaustion.

The 15m chart shows price slightly above the 7MA ($2,951.06), while the 25MA and 99MA are converging near $2,944. Any failure to hold above $2,950 may attract short-term sellers looking for a retracement.

SHORT Trade Setup:

Entry: $2,956 – $2,961

Targets:

TP1: $2,942

TP2: $2,925

TP3: $2,910

Stop Loss: $2,970

Watch for bearish candles or failure to break $2,960.70 with volume before entering.

#ETHUSDT #Ethereum #ShortSignal #BinanceFutures #CryptoTrading