ETHUSD Short Setup – Testing Strong Resistance

Price is testing a major resistance zone (2531–2546) after a short-term uptrend. A rejection here could trigger a move down to the 2400 support area. Clean risk-reward with SL above resistance. Confirmation needed – watch for trendline break or bearish candle pattern.
Asset: ETH/USD
Trend Bias: Bearish (based on the setup)
Chart Structure:

Price is approaching a resistance zone around 2531–2546 (marked in red).

Ascending trendline (white) indicates recent bullish momentum.

Short position is being considered right at/near the resistance level.

📉 Trade Setup (Short):
Entry Zone: Around 2531.85–2546.17

Stop Loss (SL): Above 2546.17

Take Profit (TP): Around 2400.09

Risk-Reward Ratio: Roughly 1:3, which is favorable.

📌 Supporting Signals:
Price is testing a supply zone/resistance block.

EMA is flattening, showing momentum slowing.

Previous sharp drop from this zone shows strong seller presence.

Trendline break could confirm bearish entry.

🛑 Caution:
If price breaks above 2546, setup is invalid.

Watch for confirmation (e.g., bearish engulfing or break of trendline) before entering.

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