Ethereum Faces Strong Resistance — Downtrend Likely Ahead
$ETH has been rejected near the $3,785 resistance zone after multiple failed breakout attempts. Price is now breaking below support with a bearish engulfing pattern, signaling potential downside continuation. With sellers stepping in and momentum shifting, Ethereum may revisit the next support area near $3,705.
Trade Setup:
Type: SHORT
Entry: $3,761
Stop Loss: $3,789
Take Profit: $3,705
#Ethereum #ETHUSDT #CryptoSignal #ShortTrade #BinanceAnalysis
