$ETH at a Crossroads — Breakdown or Reclaim Rally? 📉📈
$ETH rejected from higher levels and lost key moving averages, confirming short-term bearish momentum. Price is trading below major resistance zones, keeping sellers in control.
Key Levels
Support: 1950 – 1920
Resistance: 1985 – 2020
Structure: Bearish continuation / corrective phase
Trade Setups:
Long Setup (Support Bounce)
Entry: 1925 – 1955
TP1: 1985
TP2: 2030
SL: Below 1890
Breakout Long (Bullish Reclaim)
Entry: 2035 reclaim & hold
TP1: 2100
TP2: 2180
SL: Below 1980
Short Setup (Trend Continuation)
Entry: 1985 rejection
TP1: 1940
TP2: 1880
SL: Above 2035
Market remains weak. Avoid aggressive longs unless price reclaims and holds above resistance. Trade confirmation, not anticipation.
Buy and trade here 👇🏻 to support me.
ETHUSDT
Διην.
1,863.2
-4.75%