📉 Short-Term $ETH ETH Structure (1H–2H Chart)

What this chart structure shows:

  • ETH formed a falling wedge / descending channel

  • Multiple rejections near the $2,000 zone

  • Breakdown below $1,900 support

  • Market structure: lower highs + lower lows

📊 Short-term levels traders watch:

  • Resistance: $1,990 – $2,050

  • Support: $1,900

  • If $1,900 breaks → $1,800 – $1,750

📊 Liquidity & Supply/Demand Zones

These TradingView setups highlight liquidity areas:

🟩 Demand zone

  • Around $1,750 – $1,820

  • Strong buying reactions expected

🟥 Supply zone

  • Around $2,050 – $2,150

  • Sellers previously entered here

📉 Triangle or wedge patterns suggest a breakout soon.

📈 Possible Next Moves

Bullish Scenario 🐂

If ETH:

  • Reclaims $2,050

  • Holds above $2,000

Targets:

  • $2,200

  • $2,400

  • $2,600

Bearish Scenario 🐻

If ETH:

  • Loses $1,900 support

Targets:

  • $1,820

  • $1,750

  • $1,600

✅ Simple trader summary

  • Trend: Short-term bearish

  • Market phase: Consolidation before breakout

  • Key decision level: $1,900 – $2,000 range #ETHETFsApproved #EarnFreeCrypto2024 #Ethereum #AltcoinSeasonTalkTwoYearLow #SolvProtocolHacked