$ETH /USDT – BEARISH PULLBACK LIKELY AS SELLERS DEFEND RESISTANCE
Market Next Move (Quick Explanation):
$ETH is showing weakness after rejection near the 3,160–3,175 resistance zone, with price currently trading below key short-term EMAs on lower timeframes. Volume has cooled after the rejection, indicating buyers losing momentum. As long as ETH stays below the resistance, the probability favors a continued bearish pullback toward lower demand zones before any strong bullish continuation.
📉 Trade Setup (Short)
Entry (Sell): 3,120 – 3,150
Stop Loss (SL): 3,185
Take Profit 1 (TP1): 3,065
Take Profit 2 (TP2): 3,020
Take Profit 3 (TP3): 2,960
> Risk management is key — trail stop after TP1 is hit.
🔍 Key Technical Levels
Resistance: 3,160 – 3,175
Immediate Support: 3,065
Major Support: 3,020 – 2,960
Bias: Short-term Bearish, Medium-term Neutral to Bullish above 2,950
🌐 Market Outlook
ETH remains structurally strong on higher timeframes, but in the short term, the market is correcting after a recent push up. A healthy pullback toward lower support could attract fresh buyers. Bulls will regain control only if price reclaims and holds above 3,180 with strong volume.
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