ETHUSDT: Bearish Setup – Time to Sell?
2024-10-08

ETHUSDT has been drawing attention with its recent price movements. The technical chart shows a potential selling opportunity as the price approaches a key resistance zone.

 Key Resistance Level 
Currently trading around 2,437 USD, ETHUSDT is facing strong resistance at 2,691 USD. This level has repeatedly proven difficult for ETH to break above, suggesting a possible price reversal once it is retested.

 Trading Strategy 
Traders are eyeing this resistance zone for a potential short opportunity. If ETH fails to break 2,691 USD and shows signs of weakness, a sell order could be placed, targeting lower price levels.

 Bearish Target 
If the bearish scenario plays out, the first target could be around 2,300 USD, with room for further downside if selling pressure increases. It’s important to set a stop-loss just above the resistance to manage risk.

What’s your take on this potential ETHUSDT move? Do you think it’s time to sell or hold? Let us know in the comments!
