$ETH USDT – BEARISH BREAKDOWN LOOMS AS MOMENTUM FADES
WEAK REJECTION FROM $3,764
LOSS OF STRUCTURE BELOW $3,700
$ETH is showing clear bearish pressure on the 1H chart after failing to hold above the $3,745–$3,764 resistance zone. The sharp rejection candle followed by consecutive red candles confirms seller strength. Price has now dropped below the $3,700 psychological level, breaking short-term support.
The most recent bounce from $3,655 is weak, with low volume and no bullish follow-through. If ETH loses $3,655 again, the next key support sits around $3,620–$3,600.
Bearish Trade Setup:
Short Entry: $3,685 – $3,695
Targets: $3,655 / $3,620
Stop Loss: $3,715
Outlook: Momentum is clearly favoring bears. Unless ETH reclaims $3,700 with strong volume, further downside is expected.
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