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$ETH – Repeated resistance rejection with lower high formation signaling bearish momentum
Trade Setup: Short $ETH
• Entry Zone: 1775 – 1785
• Target 1: 1760
• Target 2: 1740
• Target 3: 1715
• Stop Loss: 1818
The 1-hour chart shows price action facing repeated rejection from the 1800 to 1820 resistance zone while forming a sequence of descending peaks following a sharp rally. Current behavior suggests weakening bullish momentum, with sellers regaining control and elevating the probability of a retest of lower support levels. Risk parameters are defined above the supply zone at 1818.
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