$ETH /USDT – Bearish Rejection Signals Potential Downside Move

$ETH has tapped into a key intraday supply zone near the $2,000 psychological resistance and printed signs of rejection, indicating sellers are defending the upper range. Price is currently struggling to maintain strength above the mid-range, suggesting momentum may rotate lower toward demand zones below.

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Trade Setup

Entry Range: $1,985 – $2,000

Target 1: $1,955

Target 2: $1,930

Target 3: $1,900

Stop Loss (SL): $2,025

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Short Outlook of Market:

ETH is reacting bearishly from resistance, showing rejection and weakening upside momentum. If price remains below the $2,000 supply zone, a continuation toward lower support levels remains likely.

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