$ETH
Long liquidation at $1912.99 confirms a failed attempt to reclaim the $1920.00 zone. Price rejected from resistance and is now forming a lower high on the intraday structure.
Trend: Bearish continuation within broader range
Key resistance: $1920.00 – $1950.00
Key support: $1850.00 – $1780.00
The market failed to break above prior resistance and cleared upside liquidity before rotating lower. Structure shows distribution near the highs.
EP (Entry Price): $1900.00 – $1920.00
TP1: $1850.00
TP2: $1815.00
TP3: $1780.00
SL: $1965.00
• Trend strength shows rejection from key resistance with lower high confirmation.
• Momentum is bearish after leveraged longs were liquidated near $1913.00.
• Price is likely to move toward $1850.00 and potentially extend to $1780.00 where stronger demand sits.
