FX.co ★ Mohammadhamza | #Ethereum chart analysis

ETHUSD 15m Technical Analysis: Bearish Retest Setup at SBR Zone

Ethereum is trading at 2,099.3 on the 15m chart after bouncing from a low of 2,060. Price is now pulling back toward the 2,111-2,115 SBR zone, and the projection shows a rejection there leading to a drop toward 2,070. The structure remains bearish while price holds below the marked supply area. Key Levels & Market Structure *Resistance Zone – 2,111 to 2,115 (SBR)* The red shaded area is labeled SBR, Support Became Resistance. This zone acted as support before the sharp drop to 2,060, and now it’s expected to flip into resistance on the retest. SBR flips are high-probability setups because trapped buyers from the previous support become sellers on the retest. The blue arrow shows the expected rejection and continuation lower. As long as ETHUSD holds below 2,115 on a 15m close, the bearish bias stays intact. A break and close above 2,118 would invalidate the setup and open a move toward 2,125 and 2,130. *Current Price Action* After hitting 2,060, price bounced strongly and is now forming a pullback into the SBR zone. The bounce looks corrective within a downtrend, with lower highs forming on the 15m timeframe. Volume on the bounce is weaker than the initial drop, suggesting lack of buying conviction. *Support Levels:* 1. *2,085 – 2,090*: Immediate support and the area of the last consolidation before the drop to 2,060. A break below this level accelerates selling. 2. *2,070 – 2,075*: First target on the projection and the next liquidity pool below. This level aligns with the bottom of the prior wick. 3. *2,060*: Major support and recent swing low. A break below this level opens a move toward 2,050 and 2,040. The market structure on 15m shows a clear downtrend with lower highs and lower lows since the rejection at 2,125. The current bounce is likely a retracement before continuation. Bias & Trade Plan Bias is *bearish* on rejection from 2,111-2,115 SBR zone. The cleanest setup is to wait for a bearish rejection candle or break of structure at the zone and short for a move to 2,070. For confirmation, wait for price to break below 2,090 after the rejection. Avoid longs unless price closes above 2,118 with follow-through. Money Management ETHUSD on 15m moves 15-40$ per swing, so strict risk control is key. For a short setup on rejection from 2,113: *Entry*: 2,112-2,114 on bearish rejection candle *Stop Loss*: 2,118, 4-6$ above entry and above SBR zone *Take Profit 1*: 2,095, 17-19$ profit for partial close *Take Profit 2*: 2,070, 42-44$ profit at the projected target This gives a risk-reward of roughly 1:3 to 1:7. Risk only 1-2% of your account per trade. On ETHUSD, 1.00 lot moves 1$ per 0.01$ price move. With a 6$ stop, 0.03 lot risks 18$. Adjust lot size so a stop-out equals 1-2% of your balance. *Rules*: 1. Wait for a bearish rejection candle at 2,111-2,115 before entering shorts. 2. Move stop to breakeven at 1R to lock a risk-free trade. 3. If price closes above 2,118 on 15m, exit shorts and reassess for longs. Key level to watch: 2,115. A rejection sets up the drop to 2,070, while a break above shifts bias bullish toward 2,125. Want me to calculate exact lot size for 1% risk based on your account?