$ETH / USDT: Strategic Short Opportunity! 🔥💯

Market Analysis:

Ethereum ($ETH / USDT) is showing clear bearish momentum after breaking key support levels. Short consolidation near $3,400 suggests further downside potential.

Trade Setup:

🔹 Entry Point: $3,400 (current level)

🔹 Stop Loss (SL): $3,480 (above recent resistance)

🔹 Take Profit 1 (TP1): $3,320 (first major support area)

🔹 Take Profit 2 (TP2): $3,250 (next major support)

Reasons:

1. Confirmed bearish engulfing pattern on 1-hour chart.

2. Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are indicating weak recovery potential.

3. Risk-to-reward ratio is favorable for short position.

Risk Management: Keep position size moderate and set stop loss levels if ETH/USDT breaks $3,450 resistance convincingly. Protect capital and follow your trading plan