$ETH /USDT TECHNICAL ANALYSIS – SHORT-TERM BEARISH PULLBACK LIKELY
Market Next Move (Eye-catching view):
⚠️
$ETH is showing signs of short-term weakness after rejection from the 3,400 resistance, indicating a possible bearish continuation before any strong rebound.
Immediate Explanation:
ETH/USDT faced strong selling pressure near the 3,400–3,410 supply zone and failed to hold above 3,350, confirming rejection from local highs. The price is now trading near 3,286, below short-term resistance, suggesting bearish momentum is active. If ETH fails to reclaim 3,320–3,350, sellers may push price toward lower demand zones.
📉 Trade Setup (Short Position)
Entry: 3,300 – 3,330
Targets (TP):
🎯 TP1: 3,250
🎯 TP2: 3,200
🎯 TP3: 3,150
Stop Loss (SL): 3,420 (above major resistance)
🔍 Key Levels to Watch
Resistance: 3,350 – 3,410
Support: 3,250 → 3,200 → 3,150
🌍 Short Market Outlook
ETH remains bearish in the short term due to rejection from a key resistance zone. However, the higher-timeframe structure is still neutral to bullish, meaning a strong bounce is possible if price holds above the 3,150–3,200 support area. Caution is advised with proper risk management.
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