$ETH /4 hour SHORT ! Dont miss it out guys ‼️

1. Downtrend Confirmation:

- The downtrend is confirmed by the sequence of lower highs and lower lows on the chart.

- The price is making a series of declines, breaking below previous support levels, and failing to reach previous resistance levels.

2. Resistance Levels:

- There is a resistance level around $3,600, as indicated by the upper horizontal red line.

- Another resistance level can be observed near $3,500, marked by the middle horizontal red line where price repeatedly tried and failed to break above.

3. Support Levels:

- The initial support level was around $3,500, which has been broken and now acts as a resistance level.

- The current support level is around $3,300, as indicated by the lower horizontal red line. This level was tested multiple times and is critical for the price action.

4. Potential Movement:

- The white arrow shows a potential bearish move where the price could continue to decline after retesting the previous support (now resistance) level around $3,500.

- If the price breaks below the current support level at **$3,300**, the next target could be around **$3,200** or lower.

The chart illustrates that Ethereum is in a downtrend with clear resistance and support levels, and there is potential for further downward movement if the support at **$3,300** is broken.

#ETHETFsApproved #Write2Earn! #MicroStrategy #CryptoTradingGuide