๐ ETH/USDT Daily Analysis โ Market Under Pressure!
The Ethereum pair (ETH/USDT) is currently trading near $1,924, showing continued bearish momentum on the daily timeframe.
๐ Technical Overview:
Price is trading below MA(7) and MA(25) โ short-term trend remains weak.
Strong rejection seen near the $2,000 psychological resistance.
Major support zone stands around $1,750 โ $1,800.
Volume shows sellers still dominating the market.
๐ Market Structure Insight:
The overall structure remains bearish unless ETH reclaims and closes above the $2,050โ$2,100 resistance zone. Until then, rallies may act as short-term relief bounces.
๐ Trading Strategy Idea:
โ๏ธ Conservative traders should wait for confirmation above resistance.
โ๏ธ Short-term traders can watch support reactions carefully.
โ๏ธ Always use proper risk management & stop-loss.
๐ก Conclusion:
Ethereum is at a critical level. A breakdown below $1,800 could trigger further downside, while a breakout above $2,050 may shift momentum bullish again.
๐ Whatโs your view on ETH?
Bullish reversal or more downside ahead? Comment below ๐#ETH #technicalanalyst $ETH
The Ethereum pair (ETH/USDT) is currently trading near $1,924, showing continued bearish momentum on the daily timeframe.
๐ Technical Overview:
Price is trading below MA(7) and MA(25) โ short-term trend remains weak.
Strong rejection seen near the $2,000 psychological resistance.
Major support zone stands around $1,750 โ $1,800.
Volume shows sellers still dominating the market.
๐ Market Structure Insight:
The overall structure remains bearish unless ETH reclaims and closes above the $2,050โ$2,100 resistance zone. Until then, rallies may act as short-term relief bounces.
๐ Trading Strategy Idea:
โ๏ธ Conservative traders should wait for confirmation above resistance.
โ๏ธ Short-term traders can watch support reactions carefully.
โ๏ธ Always use proper risk management & stop-loss.
๐ก Conclusion:
Ethereum is at a critical level. A breakdown below $1,800 could trigger further downside, while a breakout above $2,050 may shift momentum bullish again.
๐ Whatโs your view on ETH?
Bullish reversal or more downside ahead? Comment below ๐#ETH #technicalanalyst $ETH