📉 ETH/USDT – Short Setup

Bias: Bearish continuation

ETH has broken and closed below the 24h support at $2,920 and is trading under all major EMAs. Market structure remains weak with lower highs and lower lows.

Short Entry Zones

$ETH 2,935 – $2,945

Stop Loss

• $2,970

Above EMA7 and recent minor high.

Take Profit Levels

✅ TP1: $2,880 – Key support

✅ TP2: $2,850 – Structural level

✅ TP3: $2,820 – $2,800 – Previous swing low zone

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Technical View

• Strong breakdown below $2,920 with high volume

• EMA 7 / 25 / 99 all above price and sloping down

• Momentum favors sellers, downside pressure remains strong

Risk Plan

• Risk only 1–2% per trade

• Move SL to breakeven after TP1

• Setup invalid if price reclaims $2,970

Trade Setup Short 👇

ETH
ETHUSDT
2,911.76
+2.30%

#ETH #Ethereum #bearish #BinanceSquare #TechnicalAnalysis