$ETH USDT BEARISH REVERSAL SIGNAL — REJECTION FROM INTRADAY HIGH NEAR $3811!
ETH/USDT surged toward the $3811 level but faced a sharp rejection, forming a long upper wick and pulling back below $3790. The bearish engulfing pattern on the 15-minute chart suggests a potential retracement as short-term buyers lose momentum.
📉Trade Setup (Short):
• Entry Zone: 3785 – 3790
• Take Profit 1: 3772
• Take Profit 2: 3755
• Stop Loss: 3808
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📊Market Outlook:
The structure shows weakening bullish momentum as price fails to hold above local highs. As long as ETH stays below $3800, bears are likely to dominate intraday moves. Watch for confirmation through volume drop and further candle closes below $3780.
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buy and trade here on $ETH