ETHUSD β Bearish Rejection & Downside Continuation SetupEthereum / U.S. dollarBITSTAMP:ETHUSDSHAY_ANALYTICSπ ETHUSD β Bearish Rejection & Downside Continuation Setup π Market Overview Ethereum has come under renewed selling pressure after failing to sustain momentum above a rising trendline and the nearby resistance zone. The recent rejection from the highlighted supply area suggests sellers remain active, while price has slipped back below short-term support, increasing the probability of further downside. Price is also trading beneath the cloud, reinforcing the bearish outlook and indicating that market momentum continues to favor sellers. π Market Structure Insight * Market Bias: Bearish * Momentum: Weakening * Current Phase: Trendline breakdown & bearish continuation As long as price remains below the resistance area, the downside scenario remains favored. βΈ» π Trading Scenarios β Bearish Scenario (Primary Bias) Conditions: * Price stays below the resistance zone * Rising trendline acts as resistance after the breakdown * Sellers continue defending lower highs Trade Plan: Look for sell opportunities on pullbacks toward the broken trendline or after bearish confirmation near resistance. π― Target 1: 1,684 π― Target 2: 1,630 βΈ» β Bullish Invalidation Scenario Conditions: * Strong breakout above the resistance zone * Price reclaims the rising trendline * Buyers establish higher highs above cloud resistance Trade Plan: A confirmed move above resistance would invalidate the bearish setup and could trigger a stronger recovery toward higher levels. π― Key Resistance Zone: 1,820 β 1,832 βΈ» π Key Levels to Monitor π΄ Immediate Resistance: 1,820 π΄ Major Resistance: 1,832 π’ Support Target 1: 1,684 π’ Support Target 2: 1,630 βΈ» β οΈ Trading Perspective The current technical structure favors bearish continuation, with resistance rejection, weakening momentum, and cloud positioning all supporting the downside outlook. Unless buyers reclaim the resistance zone, rallies may continue to present selling opportunities. βΈ» π§ Professional Insight This setup is supported by: * Resistance zone rejection * Rising trendline breakdown * Bearish cloud alignment * Lower-high market structure The highest-probability short opportunities typically appear after corrective pullbacks into resistance rather than chasing extended bearish candles. βΈ» π‘οΈ Risk Management * Risk only 1β2% per trade * Place stop loss above the resistance structure * Wait for bearish confirmation before entry * Avoid overleveraging during high-volatility sessions * Respect invalidation levels and protect capital at all times This analysis is for educational purposes only and should not be considered financial advice.