ETH Update
Ethereum is trading around $2,050 (+5% intraday) after a strong rebound from the $1,900–$1,940 demand zone. 24h volume near $20B confirms real buying interest, not just a weak bounce. RSI recovered from oversold (~30) to mid-range, showing positive momentum shift. Funding rates previously negative are moving toward neutral — short pressure easing.
Technical Structure (4H / 1D):
• Strong rejection wick at $1,940 support
• Bullish engulfing structure forming
• RSI divergence confirmed
• Resistance: $2,000 psychological / $2,069 recent high
• Major support: $1,940 (loss of this level opens $1,800)
Trade Plan (Risk-Controlled):
Bias: Short-term bullish while above $1,940
Entry Zone: $1,970–$1,985 on pullbacks
Target 1: $2,100
Target 2: $2,200+ if $2,000 breaks with volume
Stop Loss: Below $1,940
Risk: 1% per trade, max 2x leverage
Macro Context:
Extreme fear recently dominated the market. Historically, fear zones often create local bottoms. If BTC stabilizes, ETH could lead alt momentum.
Conclusion:
Above $1,940 → bullish continuation potential.
Below $1,940 → protect capital.
Your ETH bias — continuation or fake breakout?
