Ethereum is still struggling below the $1,590–1,600 resistance zone. Every recovery attempt is being absorbed, which shows that sellers remain active and buyers are not strong enough yet.
Unless ETH reclaims this resistance, the bearish continuation setup remains valid.
Trade Setup:
Sell Zone: $1,590 – $1,600
Stop Loss: $1,630
Take Profit 1: $1,550
Take Profit 2: $1,500
Unless ETH reclaims this resistance, the bearish continuation setup remains valid.
Trade Setup:
Sell Zone: $1,590 – $1,600
Stop Loss: $1,630
Take Profit 1: $1,550
Take Profit 2: $1,500
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.