⚡ $ETH: Bounce or Break? 📊

$ETH is consolidating near key support at $2,050 after a 24h dip. Price action shows indecision with lower highs on the daily—classic range-bound behavior before a breakout.

📈 **Technical Breakdown:**

- 4H: Recently tested $2,047.89 and bounced; resistance at $2,060

- 1D: Trading between $2,047-$2,058; needs conviction to move higher

- 24H Volume: Healthy ($168B), suggests ready participants

- Momentum: Slightly bearish (0.16% loss) but not capitulated

⚙️ **Setup: SHORT (Defensive)**

- Entry: $2,052-$2,055 (wait for rejection at resistance)

- Stop Loss: $2,062 (break above weekly high)

- TP1: $2,035 (2RR, first support test)

- TP2: $2,020 (3RR, weekly low)

Risk/Reward: 1:2.5 — Clean risk setup if $2,060 fails.

⚠️ **Or LONG if it breaks $2,060** with close above $2,062 daily.

🔗 #ETH #TechnicalAnalysis #Altseason #CryptoTrading

**DYOR. Not financial advice. Trade at your own risk.**