🚹 Take Short Trade in ETH (Ethereum)

Ethereum (ETH) is showing bearish momentum after facing resistance around the $4,750 zone. Sellers are stepping in as price fails to break higher, hinting at a possible short-term correction.

📉 Trade Setup:

Entry Zone: $4,600 – $4,650

Target 1: $4,520

Target 2: $4,430

Stop Loss: $4,710

Risk/Reward: ~1:2

💡 Technical View:

ETH has formed a double-top pattern on the 4H chart, and RSI is trending down from the overbought region — both signs of weakening bullish momentum. A confirmed break below $4,580 could accelerate the downside move.

⚠ Note:

Use proper risk management and avoid over-leveraging. Market volatility can cause sharp price swings. Always DYOR (Do Your Own Research) before taking any trade.

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ETH
ETH
1,972.7
+0.14%