📉 #Ethereum in front of critical supply zone
Is it a temporary rebound or a continuation downtrend?
In the 2H timeframe, $ETH Ethereum shows a structure of weakness after the rejection in the supply zone between 2,100 and 2,150 USD, a region where significant selling pressure previously entered.
Currently, the price is reacting near 1,980 USD, attempting to stabilize in a minor support zone. However, the recent structure continues to show lower highs, which keeps a corrective bias active in the short term.
🔎 Relevant technical levels
• Strong resistance: 2,100 – 2,150 USD
• Psychological zone: 2,200 USD
• Immediate support: 1,950 USD
• Structural support: 1,900 USD
From a structural perspective, a direct move towards 2,200 $USDC seems unlikely without first consolidating liquidity or reclaiming key resistance areas.
The market may need a phase of accumulation or even a hunt for liquidity at lower supports before considering a more solid bullish impulse.
📊 As long as the price remains below the 2,100 USD zone, the scenario of corrective continuation or lateral consolidation holds a higher probability.
⚠️ In contexts like the current one, the market often prioritizes liquidity capture before defining its next directional move.
Is it a temporary rebound or a continuation downtrend?
In the 2H timeframe, $ETH Ethereum shows a structure of weakness after the rejection in the supply zone between 2,100 and 2,150 USD, a region where significant selling pressure previously entered.
Currently, the price is reacting near 1,980 USD, attempting to stabilize in a minor support zone. However, the recent structure continues to show lower highs, which keeps a corrective bias active in the short term.
🔎 Relevant technical levels
• Strong resistance: 2,100 – 2,150 USD
• Psychological zone: 2,200 USD
• Immediate support: 1,950 USD
• Structural support: 1,900 USD
From a structural perspective, a direct move towards 2,200 $USDC seems unlikely without first consolidating liquidity or reclaiming key resistance areas.
The market may need a phase of accumulation or even a hunt for liquidity at lower supports before considering a more solid bullish impulse.
📊 As long as the price remains below the 2,100 USD zone, the scenario of corrective continuation or lateral consolidation holds a higher probability.
⚠️ In contexts like the current one, the market often prioritizes liquidity capture before defining its next directional move.