$ETH USDT Testing the Mid-Range – Breakout or Rejection Ahead?
Ethereum is currently trading around 2,050 on the 15-minute timeframe, holding steady after tapping a 24h high near 2,073 and a low around 1,924. The price action shows short-term consolidation with repeated rejections near 2,060–2,065, making this zone a clear intraday resistance. On the downside, 2,045–2,040 is acting as immediate support, with stronger demand likely sitting closer to 1,925.
From a technical perspective, price is moving sideways within a tight range, suggesting a neutral short-term structure. The recent candles show smaller bodies and wicks on both sides, signaling indecision between buyers and sellers. Without a strong breakout above 2,065 or breakdown below 2,040, momentum remains limited. Volume over the last 24 hours is solid, but not aggressive enough to confirm a directional move yet.
Market Sentiment: Neutral in the short term. Bulls are defending 2,040–2,045, but they need a clean push above 2,065 to regain control. Bears, on the other hand, must break 2,040 to open the path toward 2,000 and possibly the 1,925 low.
Strategy: Wait. Patience is key here. Consider a breakout trade above 2,065 with confirmation, targeting 2,090–2,100. Alternatively, a breakdown below 2,040 could offer short opportunities toward 2,000. Avoid mid-range entries.
Are you expecting ETH to reclaim 2,100, or are we heading back to 2,000 first?
Not Financial Advice (NFA).
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