$ETH — Bearish Control Below Key Resistance
Ethereum continues to trade under reclaimed resistance, with sellers maintaining short-term control. The failure to sustain acceptance above the $3,000 level has reinforced supply dominance in this zone.
Trade Bias: Short
Execution Plan:
• Entry Zone: 2,940 – 2,980
• Invalidation (SL): 3,020
Downside Objectives:
🎯 2,900
🎯 2,840
🎯 2,780
Market Structure Insight:
• Price remains accepted below the EMA cluster, confirming bearish control
• Bounce attempts are being sold aggressively, indicating active supply
• Momentum shows a controlled grind lower rather than liquidation-driven volatility
• Intraday structure has shifted bearish after loss of range support and formation of lower highs
Unless ETH can reclaim and hold above 3,020, continuation toward lower demand zones remains the higher-probability path.
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