$ETH
🚨 ETH/USDT Market Update 🚨
Ethereum is trading around 1,955 after bouncing from the 1,897 low. Short-term recovery is forming on the 1H timeframe, but price is still below the MA(99), keeping higher timeframe pressure intact.
📊 Key Levels:
🔹 Support: 1,920 – 1,900
🔹 Strong Support: 1,897 (recent low)
🔹 Resistance: 1,980
🔹 Major Resistance: 2,000 – 2,005
📈 Bullish Scenario:
A clean breakout above 1,980 could push ETH toward the psychological 2,000+ zone. Sustained strength above 2K may shift momentum bullish.
📉 Bearish Scenario:
Rejection near 1,980–2,000 could drag price back to 1,920 and possibly retest 1,897 liquidity area.
⚡ Volume spike during the dump suggests strong reaction zone below. Now consolidation phase — breakout likely soon.
💡 Trade with confirmation, manage risk, and avoid over-leverage in choppy conditions.