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$ETH
$ETH is trading around $3,019.91 with a sharp -5.20% move in the last 24 hours. After the recent strong downside move, the charts are showing clear warning signs. On the 1H timeframe, bearish candles are taking shape back-to-back, showing that sellers are still active and momentum hasn’t cooled down yet.
The rejection near $3,050+ followed by a drop to $2,946 shows high volatility and pressure from the top.
Trade Setup
• Entry Zone: $3,000 – $2,980
• Target 1 🎯: $2,950
• Target 2 🎯: $2,920
• Target 3 🎯: $2,880
• Stop Loss: $3,055
If the breakdown below the recent low at $2,946 happens with strong volume, ETH could accelerate downward, opening the door for deeper targets. But if bulls manage to reclaim $3,050, the structure can flip, and we may see a sharp recovery bounce.
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