$ETH has posted a strong rally, but the rejection near $2,533 suggests bullish momentum may be slowing in the short term.
After climbing from around $2,355 to $2,483, ETH is now trading just below the key $2,530–$2,540 resistance zone. Multiple rejections at the highs and the latest bearish candle hint that profit-taking is beginning.
A loss of $2,460 could trigger a pullback toward $2,425–$2,400. On the other hand, a decisive break above $2,540 would invalidate the bearish outlook and open the door for a move toward $2,600+.
Short Setup
• Entry: $2,490–$2,530
• Stop Loss: $2,560 (or move SL to breakevenwhenappropriate)
• TP1: $2,460
• TP2: $2,425
• TP3: $2,390
Always manage your risk and do your own research.
Short #ETH Here 👇👇👇
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After climbing from around $2,355 to $2,483, ETH is now trading just below the key $2,530–$2,540 resistance zone. Multiple rejections at the highs and the latest bearish candle hint that profit-taking is beginning.
A loss of $2,460 could trigger a pullback toward $2,425–$2,400. On the other hand, a decisive break above $2,540 would invalidate the bearish outlook and open the door for a move toward $2,600+.
Short Setup
• Entry: $2,490–$2,530
• Stop Loss: $2,560 (or move SL to breakevenwhenappropriate)
• TP1: $2,460
• TP2: $2,425
• TP3: $2,390
Always manage your risk and do your own research.
Short #ETH Here 👇👇👇
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