$ETH ETH Market Update
Trade Type: SHORT (Intraday Rejection)
Entry Zone: 2,018 – 2,030
Resistance Zone: 2,036 – 2,046
Targets:
TP1: 2,000
TP2: 1,989
TP3: 1,970
Stop Loss: 2,055
Market View:
ETH rejected strongly from the 2,046 intraday high and is now trading below short-term moving averages. Sellers stepped in with momentum, showing a clear rejection from the resistance zone.
The structure indicates short-term bearish pressure as long as price stays below 2,036–2,046 supply area. MA trend is sloping downward on the short timeframe, supporting downside continuation.
Break below 2,000 opens the path toward the 1,989 low and deeper liquidity below.
If price reclaims and holds above 2,055, the bearish setup becomes invalid.
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ETH
1,970.75
-1.24%