Technical analysis by Gems-Trades about Symbol ETH: Sell recommendation (22 hour ago)
ETHUSDT – Short Setup from Resistance (Supply Zone Rejection)
ETH is showing a clear rejection from a strong supply / resistance zone after a corrective move up. Price previously swept liquidity above this zone and failed to hold, confirming sellers’ presence. The current structure suggests a bearish continuation with price respecting lower highs and rejecting resistance. This provides a favorable short opportunity with defined risk. Trade Plan: Entry: Around 2,957–2,980 USDT (retest of resistance) Stop Loss: Above 3,010–3,020 USDT (above supply zone invalidation) Target: 2,790–2,800 USDT (demand / support zone) Confluence: Strong resistance / supply zone Liquidity grab above highs Bearish market structure Clear risk-to-reward setup Invalidation: A strong close above the resistance zone would invalidate the short bias