ETHUSDT Short Opportunity :

Updated Targets and Analysis for Potential 192% Gain**

#ETH🔥🔥🔥🔥 #ETHUSDT #ETHUSDT. #Write2Earn! #BinanceSquareFamily

In a revised analysis for **ETHUSDT**, a **5X short position** presents an updated strategic entry and more refined targets. The market remains under bearish pressure due to key technical factors :

- Market Overview : A major correction followed the March 2024 high, with an **August crash forming a bearish flag**. ETHUSDT's test of the **MA200** as resistance confirms a bearish sentiment.

- Price Movement : The advance from **October 2023 to March 2024** showed slow, steady growth with small candles. However, the past three days indicate a significant shift with large candles signaling a reversal, suggesting a move downward.

Entry Strategy :

- Leverage : 5X

- Entry Points : $3,250 and $2,800

Target Levels :

1. $2,755

2. $2,635

3. $2,530

4. $2,435

5. $2,295

6. $2,150

7. $1,955

8. $1,795

Stop-Loss : Weekly close above **$3,333**

Potential Profit : Up to **192%**

Capital Allocation : 3%

Conclusion & Advice :

ETHUSDT shows a strong bearish trend reinforced by recent technical signals. While this presents a substantial profit potential, traders should maintain risk management practices, such as placing a stop-loss and allocating only a portion of capital. Remember, this analysis is for educational purposes and not direct financial advice. Always conduct thorough research and trade responsibly.