Ethereum $ETH is starting to show signs of bearish momentum, failing to sustain its recent breakout above key resistance.
đ Market Overview:
After reaching a local high of $4,378, $ETH faced a sharp rejection, confirming a false breakout and signaling increased selling pressure. The price has since pulled back to $4,279, slipping below the previous breakout zone.
The rejection candle on higher timeframes (especially 4H and daily) highlights strong presence from sellers, with momentum now skewed to the downside.
đ» Key Technical Levels:
Resistance: $4,378 (recent high), $4,320 (failed reclaim zone)
Current Price: ~$4,315
Support Zones:
Primary: $4,185
Secondary: $4,115
A daily or 4H close below $4,250 could further accelerate bearish momentum and open the door for deeper retracements.
đ Trade Setup â Bearish Bias
Short Entry Zone:
đ $4,280 â $4,300
Take-Profit (TP) Targets:
đŻ TP1: $4,185
đŻ TP2: $4,115
Stop-Loss (SL):
â Above $4,380 (Invalidation level)
đ§ Market Sentiment & Strategy
Unless bulls step in quickly to reclaim $4,320, Ethereum is at risk of further decline. The failure to hold above the breakout level and the presence of strong resistance suggests that bears are regaining control.
đ For traders: Monitor the $4,250 support closely. A confirmed break below this level could intensify the downtrend and validate the short setup.
Stay sharp, and always manage your risk accordingly. Volatility is high, and conditions can shift quickly.
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