📉 $ETH Analysis: The Battle for 2,000
Ethereum is currently showing significant signs of fatigue. After a clean rejection at the 2,015 resistance, the price is struggling to hold the crucial 2,000 psychological level. We are seeing a series of lower highs on the lower timeframes, signaling that bulls are losing their grip near the supply zone.
If we don't see a strong bounce here, the next logical stop is a deeper pullback to test recent liquidity.
⚡ The Trade Setup: Short #ETH
Entry Zone: 2,000 – 2,015
Stop Loss: 2,040 (Above the rejection wick)
Target 1: 1,965 (Initial support)
Target 2: 1,930 (Key demand area)
Risk Warning: Market sentiment is currently in "Extreme Fear" (Index at 14), and while technicals favor the bears, volatility is high. Manage your risk and stick to the plan.
DYOR. Let’s see if the breakdown confirms. 📉🔥
#Ethereum #CryptoTrading #TechnicalAnalysis #ETHUSDT #Binance