📊 $ETH Technical Analysis & Setup
ETH is facing persistent downside pressure, trading below the EMA20 and EMA200 with the 1h and daily charts firmly in a downtrend. Sellers remain dominant in taker flow.
• Key Support / Demand: 2080-2050 FVG zone, with deeper liquidity at 1960-2000
• Resistance / Supply Targets: 2151 swing high, 2205 FVG, and major supply at 2245
• Trigger / Confirmation: For shorts, look for a weak rally into 2170-2205 followed by a 1h/15m bearish rejection candle
• Risk / Invalidation: Bearish bias invalidates on a 1h close above 2151.25, flipping the structure bullish
• Market Execution: Monitor volume and open interest contraction during counter-trend bounces
DYOR — Educational setup, not financial advice.
#BinanceSquare #Crypto #ETH #Trading
ETH is facing persistent downside pressure, trading below the EMA20 and EMA200 with the 1h and daily charts firmly in a downtrend. Sellers remain dominant in taker flow.
• Key Support / Demand: 2080-2050 FVG zone, with deeper liquidity at 1960-2000
• Resistance / Supply Targets: 2151 swing high, 2205 FVG, and major supply at 2245
• Trigger / Confirmation: For shorts, look for a weak rally into 2170-2205 followed by a 1h/15m bearish rejection candle
• Risk / Invalidation: Bearish bias invalidates on a 1h close above 2151.25, flipping the structure bullish
• Market Execution: Monitor volume and open interest contraction during counter-trend bounces
DYOR — Educational setup, not financial advice.
#BinanceSquare #Crypto #ETH #Trading
