$ETH – major support tested, downside still in play.

Short #ETH
Entry: 1900 – 2000
SL: 2350
TP1: 1750
TP2: 1550
TP3: 1400

$ETH has dropped back into a higher-timeframe demand zone after breaking prior structure. While this area can spark a brief reaction, the broader trend remains bearish with lower highs intact and former supports failing. With Bitcoin already at its April lows, ETH still faces pressure to follow. As long as price stays capped below supply, any bounce is distribution, not reversal.

Trade $ETH here 👇

ETHUSDT

Perp.

2,275.77

-1.95%