🚨 $ETH Bearish Breakout Alert! 🚨
On the 15-minute chart, Ethereum just broke below a key trendline support, signaling a potential Short Opportunity! 📉
🔻$ETH Short Trade Setup:
Entry: $2,605
🏴☠️Stop-Loss: $2,630
🎯 Take Profit:
Target the lower support zone near $2,585 for a potential 1:2 risk-reward ratio.
🔍 Key Analysis:
Bearish MACD Divergence: Multiple bearish signals on the MACD indicate weakening momentum as ETH hit recent highs. Resistance Rejection: $ETH faced rejection from the upper resistance band, reinforcing the bearish outlook. Trendline Breakdown: A clean break below the trendline adds confirmation to the bearish sentiment. ETH may continue its decline toward the red support band.
Keep your stops tight and manage your risk! 🚀
#CryptoTradingPrediction #EthereumETFApprovalExpectations #ETHUSDT #TechnicalAnalysis #BinanceSquareFamily