$ETH
/USDT – Bears In Control As Key Support Approaches! 🔻🔥
Price: $1,562.12 (-5.06%) and diving deep into bearish waters. ETH is forming consistent lower highs and lower lows, confirming a strong downtrend with heavy momentum.
Key Resistance Zones (Supply):
$1,685–1,670: Aggressive selloff zone.
$1,645–1,635: Broken structure, turned resistance.
$1,625–1,615 & $1,610–1,600: Minor rejections confirming bearish grip.
Key Support Zone (Demand):
$1,555–1,545: Blue demand zone—ETH might find a short-term bounce here.
Bearish Scenario (Active):
Continuous rejection from all major supply zones.
Targeting $1,555–1,545 — expect a liquidity grab or short bounce.
If it breaks, brace for deeper downside.
Reversal Setup (Needs Bullish Confirmation):
Bulls must reclaim $1,600+ with strong volume.
Flipping supply zones is essential to break bearish structure.
Outlook: Downtrend dominant. Short setups favored until bulls show serious strength. Reclaim or retrace?
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