The $ETH pair continues to display a bearish outlook, maintaining its prevailing downward trend. Recent price action shows a retest of the current swing high, setting the stage for a potential move lower if resistance remains firm.
🔴 Key Resistance Zone: 2,033
This zone, previously a consolidation area, has flipped into a significant resistance level.
The Bearish Case: A failed test and rejection at 2,033 would likely resume the bearish momentum.
Downside Targets:
1,750 – Initial support
1,665 – Intermediate support
1,581 – Long-term support level
🟢 Bullish Scenario (Breakout Above 2,033)
A confirmed breakout and a daily close above 2,033 would invalidate the current bearish setup. In this event, watch for these upside targets:
2,100 – First major resistance
2,172 – Secondary upside target
💡 Conclusion
$ETH remains under bearish pressure, with the 2,033 level acting as the ultimate inflection point. As long as the price stays below this mark, the bias favors the bears. Traders should wait for clear price confirmation around this level before assessing the next major move. 📈
Risk Warning: This content is for informational purposes only and should not be considered investment advice. Digital asset prices are subject to high market risk and price volatility.
