ETHUSDT Potential Bearish Move | Key Levels & ProbabilitiesEthereum (ETHUSDT) is currently trading within a key range, showing signs of bearish pressure. Based on the 4-hour timeframe analysis, the price has tested the resistance zone around $2,300-$2,400 but failed to sustain bullish momentum.
Key observations:
Resistance at $2,300-$2,400: This level has acted as a strong supply zone.
Support at $2,100-$2,150: A short-term consolidation area where price is currently reacting.
Probability 1: If price retests the $2,300 resistance, rejection from this level could trigger a drop toward $1,807, aligning with the larger bearish trend.
Probability 2: If price fails to hold above the minor support levels, it could break down directly toward $1,807 without a major pullback.
Trade Plan:
Short Entry: Near $2,250-$2,300 (if price rejects this zone).
Stop Loss: Above $2,400.
Target 1: $2,100 (partial profits).
Target 2: $1,807 (full target).
This setup aligns with supply and demand zones, and a potential liquidity sweep before a downward move. Monitor price action closely for confirmation. ๐
