$ETH | Market Update ⚠️
Ethereum is struggling to regain momentum after a weak bounce from intraday lows. Price remains capped below key resistance, and the overall structure is choppy with fading volume — a sign that sellers are still in control.
Unless ETH reclaims higher levels with strong confirmation, the bias favors another downside sweep.
📉 TRADE SETUP — SHORT BIAS
Entry Zone (Sell on Rejection):
• 2,030 – 2,060
Take Profit Targets:
• TP1: 1,990
• TP2: 1,950
• TP3: 1,900
Stop Loss:
• 2,150 (clear breakout & trend invalidation)
🔍 MARKET OUTLOOK
ETH is hovering around the moving average zone but failing to build bullish continuation. Repeated lower highs on intraday timeframes and weak bounce volume point toward distribution.
The 2,000 psychological level is critical — a decisive break below it could trigger accelerated selling. Bulls need a strong reclaim and hold above 2,150 to flip momentum back in their favor.
