Based on the 1H chart, $ETH ETH/USDT has faced strong selling pressure, dropping from the $2,088 level.

It is currently trading around $1,975, forming an initial support near $1,955.

The short-term trend remains bearish as the price is staying below key Moving Averages (MA7 and MA25).

A break above the $ETH

ETH
ETHUSDT
2,333.73
-1.76%

$2,000 resistance is crucial for recovery, otherwise, losing the $1,955 support could lead to further downside.