$ETH Breakdown Alert – Short Opportunity Brewing!
Ethereum ($ETH) is showing clear signs of rejection from the resistance zone near $3,860. A double top formation has formed on the 1H chart, and price just broke below the neckline — signaling a potential trend reversal. Bears are gaining control as momentum shifts down.
🔻 SHORT Setup
Entry Zone: $3,780 – $3,800
Stop Loss: $3,862
Take Profit 1: $3,600
Take Profit 2: $3,343
This setup favors a clean downside move if $3,780 fails to hold. Watch closely — next leg down may already be starting!
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