$ETH is showing strong bearish continuation on the 1-hour chart after failing to hold above the 2,080–2,100 resistance zone. Multiple rejections in this area signaled distribution and weakening bullish momentum.
After forming a lower high near 2,090, price broke below the 2,020 support level with strong bearish candles, confirming a structure shift in favor of sellers. This breakdown triggered accelerated selling pressure, pushing ETH toward the 1,950 demand zone.
Recent candles show limited buying response, indicating weak demand and continued dominance by sellers. As long as price remains below the 2,000–2,020 resistance range, downside momentum is likely to persist.
The current market structure supports further downside continuation toward lower liquidity zones.
Trade Setup
Entry Range: 1,980 – 2,020
Target 1: 1,920
Target 2: 1,880
Target 3: 1,840
Stop Loss: 2,060
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