$ETH/USDTCurrent Price: ~$2,119

Timeframe Analyzed: 1D (Daily)

Trend Context: Strong bearish continuation

🔍 Market Structure

ETH has broken multiple higher-timeframe supports

Clear lower highs & lower lows → textbook downtrend

Price rejected hard near $3,400 and never recovered

No confirmed higher low yet → trend not reversed

📉 Market structure = Bearish

📉 Trend Analysis

Short-term: Bearish

Mid-term: Bearish

Long-term: Bearish (30D −32%, 90D −38%)

ETH is trading far below key moving averages, meaning sellers are fully in control.

📐 Support & Resistance Levels

🟱 Key Supports

$2,100 – $2,050 (current demand zone)

$1,980 – $2,000 (psychological + liquidity zone)

$1,850 (last major structure support)

⚠ If $2,000 breaks, expect panic selling / long liquidations

🔮 Key Resistances

$2,250 – $2,300

$2,450

$2,600 (major trend resistance)

Any bounce into resistance without volume = sell the rally

📊 Volume Analysis

Sell volume expanding → confirms bearish momentum

No strong bullish volume spike yet

Capitulation possible, but not confirmed

📌 Volume confirms the downtrend

📉 Indicators Overview

Moving Averages

Price below MA(5) & MA(10)

MA slope pointing down sharply

→ No bullish crossover yet

RSI (Estimated)

Likely near oversold (30–35)

Oversold ≠ reversal

RSI can stay oversold during strong downtrends

Momentum

Strong bearish momentum

No bullish divergence confirmed yet

🧠 Market Psychology

Fear dominant

Weak hands exiting

Longs getting liquidated

Smart money waiting, not buying aggressively yet

🧭 Trade Scenarios

đŸ» Bearish Continuation (Higher Probability)

Rejection near $2,250–$2,300

Breakdown below $2,000

Targets: $1,980 → $1,850

🐂 Relief Bounce (Short-Term Only)

Bounce from $2,050–$2,100

Weak volume

Likely retrace toward $2,250–$2,300

Not a trend reversal unless ETH closes above $2,600

✅ Confirmation Needed for Trend Reversal

To flip bullish, ETH must:

Hold above $2,300

Form a higher low

Break & close above $2,600

Show strong bullish volume

Until then → trend remains bearish

📌 Final Verdict

đŸ”» ETH/USDT is in a strong downtrend

⚠ Catching bottoms is risky

📈 Only short-term bounces possible

🧘 Best strategy: wait for confirmation, don’t FOMO

$ETH

ETH
ETH
2,005.68
-3.23%