#ETH ANALYSIS

#ETH just rejected down to about 2,027 after running strong into the descending supply line. This keeps the move in "relief rally" zone until it can regain the upper side. The market is still responding between the mid-range support below and the ceiling of about 2,050 to 2,090, indicating that the structure is still wide.

Upside attempts above 2,050–2,090 are still viable as long as ETH maintains 2,000, and a strong hold above 2,090 would allow for further growth. Expect a decline into 1,970–1,930 if 2,000 breaks, with the deeper downside magnet returning to the support level of ~1,830–1,800.