$ETH
USDT BEARISH PRESSURE NEAR KEY SUPPORT WITH POSSIBLE SHORT-TERM RECOVERY
$ETHUSDT is currently trading under strong selling pressure after rejecting from the upper resistance zone near the recent swing highs. The structure on the lower timeframes shows a sequence of lower highs, indicating short-term bearish momentum. Price has also moved below important intraday moving averages, confirming the dominance of sellers in the current market structure.
The pair is now approaching a crucial support region where buyers previously showed interest. If this level holds, Ethereum may attempt a technical rebound toward nearby resistance zones. However, failure to hold this support could extend the downside move before any meaningful recovery occurs.
From a technical perspective, the market is currently in a corrective phase within a broader range structure. A break above the immediate resistance area would signal strength and open the door for a short-term bullish recovery toward higher liquidity zones.
Targets:
TP1: 2025
TP2: 2050
TP3: 2095
Stop Loss:
SL: 1935
Risk Management:
Use controlled leverage and risk only a small portion of capital per trade. Consider partial profit taking at each target and move the stop loss to breakeven once the first target is achieved to protect the position.