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$ETH Bearish Correction / Reversal Setup
Entry: 2,165 – 2,190
Ethereum has entered a significant corrective phase after failing to sustain momentum above the 2,386 local peak. The 4H chart shows a clear breakdown below previous support levels, with the price currently struggling to find a solid floor as it trends toward the 2,061 support zone.
Currently trading at 2,148, the structure shows a series of lower highs and lower lows, indicating that sellers are in control. This entry zone focuses on a potential "lower high" retest of the broken support-turned-resistance, offering a strategic point for those looking to play the current downward momentum or wait for a confirmed bounce.
Bearish Below: 2,110
TP1: 2,100
TP2: 2,061
TP3: 2,015
SL: 2,245
#ETH #Ethereum #FedHoldsRatesSteady