#Ethereum (ETH) Update: Bearish Pressure Persists
Ethereum remains under strong bearish pressure after failing to reclaim the previous breakdown zone. The recent bounce appears corrective, with the price continuing to form lower highs, indicating that sellers remain in control below key resistance.
Short Trade Setup:
Entry: $2,070 – $2,120
Take Profit 1: $1,980
Take Profit 2: $1,900
Stop Loss: $2,180
Analysis:
The bearish bias remains intact as long as
ETH
2,061.54
-1.69%
#ETH stays below the $2,120 resistance level.