$ETH/USDT – Rejection & Bearish Setup 🚨
Current Price: $3,688 | 24H Change: -4.45%
Range: $3,878 (High) – $3,616 (Low)
Ethereum is facing strong resistance at $3,720–$3,750 and has begun declining after forming a lower high. Price is now testing key support at $3,660–$3,680. A breakdown below this zone could lead to further downside.
Short Trade Idea:
• Entry: $3,695–$3,715
• Targets: $3,655 | $3,610 | $3,555
• Stop Loss: $3,755
Note: Wait for a candle close below $3,680 with increased volume for confirmation. If $3,660 fails, expect pressure across altcoins. Risk management is crucial in current volatility.