ETH/USDT 15-Minute Candle Analysis: Bearish Setup Forming 🚨
ETH/USDT hovers near $1,960 after a modest rebound from $1,923 lows, but 15-minute candles reveal fading bullish attempts with bearish engulfing patterns and rejection at $1,965 resistance.
Technical Overview
On 15m charts, RSI lingers near oversold (below 35) with bearish divergence, while 92% of moving averages signal strong downtrend—price sits under key EMAs like the 20-period at ~$1,975.
Long upper wicks on recent candles and high ATR (~$12) highlight seller dominance; volume favors declines toward weekly supports.
Bearish harami patterns confirm short bias, with Ichimoku crossovers adding pressure.
Trade Plan (Short Entry)
Entry: $1,960-$1,965 (15m close below resistance retest).
Stop Loss: $1,975 (above 20 EMA, ~1% risk).
Targets: T1 $1,940 (R:R 1:2), T2 $1,923 (day low, R:R 1:4), T3 $1,900.
Risk max 1% capital. Confirm with 15m bear candle. #ETHUSDT