📉 $ETH Technical Overview (Live Context)
Ethereum is currently showing bearish momentum, trading near key support, and failing to reclaim higher moving averages on short timeframes — indicating sellers still dominate. Price is testing important zones that will determine whether the downtrend continues or a real reversal begins. �
🔻 Bearish Scenario (Primary for now)
Entry for Short:
If price breaks and closes below $2,100–$2,120 on the daily timeframe.
(This confirms continuation of downside pressure.)
Targets:
TP1: $2,050
TP2: $2,000
TP3 (extended): $1,950
Invalidation (Stop-loss):
Above $2,180–$2,200 resistance (reclaim turns trend neutral short-term)
Why bearish matters:
A breakdown below major support zones usually activates algorithmic selling and continuation of downtrend.
🚀 Bullish Scenario (If structure flips)
Bullish Confirmation:
A strong closed break and hold above $2,220–$2,240 with volume.
Targets:
TP1: $2,300
TP2: $2,380
TP3: $2,450 (major resistance zone)
Invalidation (Stop-loss):
Below $2,120 (if price fails to hold support)
Why this matters:
A reclaim and hold above a key level suggests buyers are absorbing supply and could shift medium-term sentiment.
🎯 Key Levels to Watch (Summary)
📌 Support Zones:
$2,100–$2,120 (crucial)
$2,050
$2,000
📌 Resistance Zones:
$2,180–$2,200
$2,240–$2,260
$2,300+
📌 Quick Decision Rules
✔️ If ETH breaks support → short
✔️ If ETH reclaims higher resistance → long
✔️ Use tight stop losses and defined targets