$ETH Psychological Level Break & Support Search ⚠️
Entry Zone: 1,935 – 1,985
Bullish Above: 2,110
TP1: 2,055
TP2: 2,130
TP3: 2,200
SL: 1,890
$ETH has experienced a significant bearish breakdown on the 4H chart, officially losing the $2,000 psychological handle. Currently trading at 1,989.09 with a 4.23% decline, the price action shows a series of aggressive red candles that have sliced through previous support zones. A local low was established at 1,970.93, where we are seeing a minor attempt at stabilization. The volume on this drop has been notable, indicating high-conviction selling. To invalidate this bearish momentum, bulls must reclaim and hold above the 2,060 level. Until then, the risk remains for a deeper test of the 1,930 – 1,950 liquidity pocket.