$ETH /USDT – Bearish Pressure Continues 📉
ETH is showing strong downside momentum. Currently trading around $1,977.66, down nearly -4% today. Sellers are dominating the market.
🔍 Technical Overview:
Clear rejection from $2,147 zone
Strong dump towards $1,963 support
Lower highs forming → trend still bearish
📌 Key Levels:
Resistance: $2,000 – $2,035
Major Resistance: $2,060
Support: $1,963
Next Support: $1,920 – $1,900
📉 Bearish Scenario: If ETH fails to reclaim $2,000, we may see continuation towards $1,920 zone.
📈 Bullish Recovery: A strong breakout & hold above $2,035 – $2,060 is needed for momentum shift.
🎯 Short-Term Trade Idea:
Sell below: $2,000
Targets: $1,950 → $1,920
Stop Loss: $2,060
⚠️ Market is in correction phase. Manage risk carefully.
#ETH #ETHUSDT #Ethereum #CryptoUpdate #Binance