ETH/USD – Strong Rejection from Resistance | Bearish Move Ethereum / U.S. dollarBITSTAMP:ETHUSDJOAN_GOLD_HUNTER📊 Market Overview: Ethereum (ETH/USD) has tested a key supply zone between 2,700–2,715 and faced strong rejection. This area has acted as a resistance multiple times, and price has once again failed to break above it convincingly. After forming a lower high, the structure now indicates a potential bearish continuation. The current candle structure and market behavior suggest sellers are gaining strength, and a downward move toward support levels seems likely. ⸻ 📉 Trade Idea – Short Position Setup: •🔽 Entry Zone: Between 2,614 – 2,620 •🛑 Stop Loss: Above 2,715 (to protect against false breakouts) •🎯 Take Profit 1: 2,520 (nearest support zone) •🎯 Take Profit 2: 2,407 (intermediate structure support) •🎯 Final Target: 2,253 (major support zone) ⸻ 📌 Technical Insights: •Price rejection from major resistance confirms bearish pressure •Bearish engulfing structure forming on 2H timeframe •Supply zone marked clearly with price struggling to break above •Lower highs and repeated rejections indicate weak bullish momentum •Strong potential for price to test lower supports in upcoming sessions ⸻ 🔍 Strategy Notes: •Monitor for confirmation candle or bearish engulfing for entry •Risk-to-reward ratio is favorable on this setup •Ideal for short-term swing or intraday traders •News/events should be monitored alongside price action for volatility