$ETH /USDT ā Heavy Rejection Near $3.9K š
Ethereum printed strong rejection wicks near $3,900 and is now showing signs of exhaustion.
Price action on the 1H is forming lower highs with weakening bullish momentum ā opening the door for a clean short if support cracks.
Key Levels
⢠Resistance: $3,895
⢠Support: $3,750
Trade Setup
⢠Entry Zone: $3,845 ā $3,875
⢠Stop Loss: $3,905
šÆ TP1: $3,785
šÆ TP2: $3,740
šÆ TP3: $3,695
Pro Tips:
š» Look for 15M close below $3,840 to confirm weakness.
š» Ideal short if BTC shows signs of rolling over.
š» Use trailing SL after TP1 hits to lock in gains.
š» Avoid entry if $ETH reclaims $3,890 with strong volume.
š» Best entries come on failed bounce attempts toward $3,870.