$ETH
ETH/USDT — Breakdown Continuation Setup
ETH/USDT is trading at $2,004.34, breaking below $2,025 support and testing the critical $2,000 psychological level. Price rejected from $2,102.73 high and is making lower highs.
Trade Plan
Entry (Short): $2,010–$2,025 (On retest of broken support-turned-resistance)
Target 1: $1,990–$1,980 (Break below $2,000)
Target 2: $1,950–$1,940 (Next support zone)
Stop Loss: $2,040 (Above breakdown level)
My View
ETH shows clear bearish momentum with lower highs and breakdown below key support. The higher probability trade is SHORT on retest of the $2,010–$2,025 resistance zone for continuation toward $1,950. No long setup until price reclaims $2,050 with volume.
ETHUSDT
Perp
1,956.05
-5.13%