$ETH Ethereum remains under pressure, declining 1.37% to $2,090.24. Trading below its 50-day and 200-day moving averages, ETH continues to show structural weakness alongside a descending MACD. Downside-focused options positioning and institutional selling add pressure, while $2,000 remains the critical level traders are monitoring.
đ Bias: Bearish | đŻ Entry: $2,050â$2,080 | đĄ Support: $2,000 | đ§ Resistance: $2,180 | đŻ Targets: $2,143 / $2,180 / $2,239 | â Invalidation: Daily close below $1,980
Strategy: Watch the $2,000 support reaction carefully. Any potential recovery entry should require confirmation rather than assuming support will hold.
#Ethereum #ETH #CryptoAnalysis #TechnicalTrading #BinanceSquare
đ Bias: Bearish | đŻ Entry: $2,050â$2,080 | đĄ Support: $2,000 | đ§ Resistance: $2,180 | đŻ Targets: $2,143 / $2,180 / $2,239 | â Invalidation: Daily close below $1,980
Strategy: Watch the $2,000 support reaction carefully. Any potential recovery entry should require confirmation rather than assuming support will hold.
#Ethereum #ETH #CryptoAnalysis #TechnicalTrading #BinanceSquare
