ETHUSD (1H) – Bearish Continuation Setup...

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ETHUSD (1H) – Bearish Continuation Setup...Ethereum / U.S. dollarBITSTAMP:ETHUSDXAUxBTC_ProETHUSD (1H) – Bearish Continuation Setup Trade Idea: SELL 📉 Entry Zone: 1650 – 1665 Resistance Zone: 1655 – 1670 Current Price: ~1651 Target 1: 1620 Target 2: 1600 Target 3: 1590 (Main Target Zone) Analysis: ETHUSD has completed a bearish harmonic structure near a significant resistance area and continues to trade below the dynamic trend indicator. After a sharp decline, price attempted a recovery but failed to reclaim the highlighted resistance zone around 1655–1670. The recent rejection suggests sellers remain in control. As long as price stays below resistance, bearish momentum could extend toward 1620 first, followed by 1600 and the projected target area near 1590. Invalidation: A strong hourly close above 1670 would weaken the bearish outlook and could trigger a deeper corrective move to the upside. Risk Management: Always use a stop-loss above resistance and avoid risking more than your predefined trading plan allows.