$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.
📈 Bias: Bearish | 🎯 Entry: $2,050–$2,080 | 🛡 Support: $2,000 | 🚧 Resistance: $2,180 | 🎯 Targets: $2,143 / $2,180 / $2,239 | ❌ 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
📈 Bias: Bearish | 🎯 Entry: $2,050–$2,080 | 🛡 Support: $2,000 | 🚧 Resistance: $2,180 | 🎯 Targets: $2,143 / $2,180 / $2,239 | ❌ 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
