Bear Pennant Breakdown on $ETH /USDT …! Continuation to the Downside Likely

Short $ETH /USDT

Entry: 2024 – 2028

SL: 2042.5

TP1: 2005

TP2: 1985

Price is showing a strong impulsive move to the downside followed by a weak consolidation phase, forming a classic Bear Pennant pattern. This type of structure typically acts as a continuation setup, indicating sellers are preparing for another leg lower.

The consolidation is occurring just below minor resistance, with no strong bullish volume — signaling lack of buyer strength. This increases the probability of a breakdown continuation in line with the prevailing bearish trend.

With a solid risk-to-reward ratio and trend alignment, this setup favors short positions as long as price remains below the recent lower high at 2042.5.

Click to trade here 👇$ETH

ETHUSDT

دائم

2,042.69

-1.10%