ETHUSDT: Bearish Drop to 2840?BINANCE:ETHUSDT is eyeing a bearish reversal on the 1-hour chart , with price testing a key resistance zone near cumulative sell liquidation, converging with a potential entry area that could trigger downside momentum if sellers defend against further upside. This setup suggests a pullback opportunity amid recent consolidation, targeting lower support levels with near 1:3 risk-reward .🔥
Entry between 3020–3040 for a short position. Target at 2840 . Set a stop loss at a close above 3090 📊, yielding a risk-reward ratio of near 1:3 . Monitor for confirmation via a bearish candle close below entry with rising volume, leveraging Ethereum's volatility near highs.🌟
📝 Trade Setup
🎯 Entry (Short):
3020 – 3040
🎯 Target:
• 2840
❌ Stop Loss:
• Close above 3090
⚖️ Risk-to-Reward:
• ~ 1:3
💡 Your view?
Does ETH reject 3040 and slide toward 2840 — or will buyers absorb supply and push higher?
👇 Share your thoughts below 👇
