$ETH Rejects $2,440...Bears Positioning For Next Downleg
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Short Setup: $2,425 – $2,435
Stop Loss: $2,455
Target 1: $2,405
Target 2: $2,380
Target 3: $2,350

$ETH is unable to get above the resistance at $2,440 after a significant bounce from the support level of $2,390. The recent candle formations are indicative of rejection and lack of follow through…..!!!!!

Breaking below $2,420 could set the stage for a test of $2,405 and $2,380. As long as $ETH continues to stay below $2,44!!!
#GoldReboundsNearly5%