🔴 ETHUSD – Bearish Setup at 4300 Short Opportunity
Ethereum is facing rejection near 4300, a key resistance zone aligned with descending trendline pressure and weakening momentum. Price action suggests sellers are regaining control, with lower highs forming and volume fading on bullish attempts.
🔻 Trade Idea: SELL ETHUSD @ 4300
- Entry: 4300
- Stop Loss: 4362 (above recent resistance)
- Take Profit: 4260 / 4215
- Risk/Reward: ~2:1
📉 Technical Confluence:
- Rejection from descending trendline
- Bearish divergence on RSI
- MACD histogram turning negative
- Volume drop on recent push
💬 Narrative:
ETH failed to hold above 4300, signaling potential downside toward 4215 if support zones break. With sentiment tilting bearish and BTC showing signs of consolidation, short bias remains valid unless bulls reclaim 4360+.
Trade active
if anyone has taken the trade move sl to ENtry and enjoy your dayTrade closed: target reached
well made little profits rest closed on BE 
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.