$ETH USDT ā BEARISH RETEST REJECTION POINTS TOWARD ANOTHER LEG DOWN š»
$ETH has dropped sharply from 3,193 and is now struggling to regain momentum above the 3,050ā3,080 region. After tagging the low at 2,983, price is showing a weak bounce, forming lower highs and failing to establish bullish structure. This signals continued seller dominance and increases the likelihood of another drop if resistance holds.
TRADE SETUP (SHORT)
Entry Zone: 3,045 ā 3,075
A retest into this resistance area provides an ideal short entry as long as ETH remains below 3,110.
Targets (TP):
TP1: 3,000
TP2: 2,985 (recent low)
TP3: 2,960 (next support zone)
Stop Loss (SL):
3,115
Break above this region invalidates the bearish setup.
MARKET OUTLOOK
ETH remains under strong bearish pressure with clear lower-lows and lower-highs forming. Without a decisive reclaim above 3,100, the bias stays bearish, and price may revisit the 2,980ā2,960 support range. Momentum favors sellers unless volume shifts aggressively.
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buy and trade here on $ETH
