#ETH/USDT - Short🔴
Entry: 3,250 - 3,300
Stop Loss: 3,450
Target 1: 2,900
Target 2: 2,750
Target 3: 2,620
Leverage: x14
📉 Trade Rationale
Ethereum is currently trading around $3,250 and has repeatedly failed to break above the strong resistance confluence of $3,447-$3,484. Analysis suggests it is within a corrective wave pattern, with a completion target as low as $2,613.72. The price is struggling to find momentum above the $3,300 level, indicating a high probability of a retest of lower support zones.
T1 (2,900): Initial target near the lower bound of the recent consolidation range.
T2 (2,750): Aims for the major support zone between $2,775-$2,800.
T3 (2,620): A deep target aligning with the next key structural support area and approaching the wave target
