$ETH Short-Term Support Zone

Trade Plan:

🔻Short Entry : Consider entering a short position if ETH fails to reclaim the $2,468.89 level. Target: $2,393.88, the next key support level, for a short-term target. Stop-Loss: $2,475, just above recent resistance, to protect against a bullish reversal

Trend: Bearish
Key Levels:

Resistance: $2,468.89 (short-term resistance based on recent highs)

Support: $2,393.88 (highlighted support from Mean Reversion Channel lower boundary)

$ETH is trading within a bearish trend on the 15-minute chart, with price staying below the Mean Reversion Channel’s midline, suggesting a continuation of downward momentum. The price has just broken below a local support level, indicating potential for further downside.

Price is close to the lower boundary of the channel, which may provide support; however, breaking below this could trigger further selling pressure.

The dots above the price confirm a bearish stance, suggesting more downside potential.

⚠️ Note: A break below $2,393.88 could intensify the bearish trend, making this setup favorable for short-term traders. Monitor closely for price reaction near support levels. #ETH🔥🔥🔥🔥