Ethereum (ETH) is currently trading near 1,960, facing heavy short-term bearish pressure after a sharp breakdown from the 2,100 zone.
🔍 Recent Price Action
ETH topped around 2,107 before sellers took control, triggering a strong sell-off down to the local low near 1,926.
This move confirms a short-term trend shift from consolidation into a corrective phase.
📉 Moving Average Structure
MA(7): ~1,963
MA(25): ~2,032
MA(99): ~2,008
ETH is trading below all major moving averages, which signals that momentum is still weak and bulls need stronger confirmation before any reversal.
The MA(25) and MA(99) are acting as strong overhead resistance.
🟢 Key Support & Resistance Levels
✅ Immediate Support: 1,920 – 1,940
If this zone fails, ETH could revisit deeper levels.
⚠️ Major Resistance: 2,000 – 2,030
A reclaim above 2K is needed for bullish recovery.
🚀 Break above 2,050+ could open room for a retest of the 2,100 highs.
📊 Volume & Market Sentiment
Selling volume spiked during the dump, showing panic-driven liquidation.
Now volume is cooling, suggesting the market is entering a temporary consolidation zone.
💡 Trader Advice
ETH is currently in a bounce-after-drop phase, but the trend remains bearish until price regains the 2K region.
📌 Best approach:
Wait for confirmation
Avoid high leverage
Trade with clear risk management
Patience is key in volatile conditions.
