$ETH The image shows a market update and trading plan for Ethereum ($ETH). The current price is facing strong rejection, and bears are gaining ground.

*Market Update:*

- Ethereum tapped into the $3,100 resistance and instantly got rejected, forming a clear bearish engulfing candle on the 30m chart.

- Momentum has shifted, and price is now retreating after failing to hold above the key supply zone.

- This signals potential downside ahead, with sellers likely eyeing lower support zones if $3,100 isn’t reclaimed.

*Short Trade Plan:*

- *Entry Zone:* $3,055 – $3,070

- *TP1:* $3,000

- *TP2:* $2,950

- *TP3:* $2,933

- *Stop Loss:* $3,100

- *Margin:* 2–3%

- *Leverage:* 10x

*Key Insight:*

- As long as price stays below $3,100 and volume weakens, downside pressure may continue.

- This is a clean rejection play for short-term traders.#ETHETFsApproved #Ethereum #MemecoinSentiment #CryptoTradingInsights #MemecoinSentiment $ETH