$ETH
ETHUSDT — Breakdown Continuation Setup
ETHUSDT is trading at $1,912.25, showing -1.98% decline and breaking below the $1,920–$1,940 support zone. Price has rejected from $1,948 and is now making lower lows. Order book shows 72.79% ask dominance, indicating strong selling pressure.
Trade Plan
Entry (Short): $1,915–$1,925 (On retest of broken support-turned-resistance)
Target 1: $1,890–$1,900 (Immediate support)
Target 2: $1,860–$1,840 (Next major demand zone)
Stop Loss: $1,940 (Above breakdown level and recent high)
My View
ETH is in a confirmed downtrend with consistent lower lows and strong selling pressure. The higher probability trade is SHORT on retest of the $1,915–$1,925 resistance zone for continuation toward $1,860. Order book confirms ask dominance. No long setup until price forms a higher low and breaks above $1,960 with volume.
