$ETH
ETHUSDT | 4H Market Update
Ethereum continues to respect a descending trendline, with price compressing above a minor support base around 1,900–1,920. The structure remains bearish, and the recent sideways action looks like distribution before a potential continuation move lower.
🔍 Key Levels:
🟥 Trendline Resistance: 2,000–2,050
🟨 Local Support: 1,900–1,920
🟩 Next Major Demand: 1,450–1,550
📉 Bearish Scenario:
A clean break and 4H close below 1,900 would likely trigger a continuation toward:
1,750 → 1,620 → 1,500 (HTF demand zone)
📈 Bullish Flip (Only if):
ETH reclaims and holds above 2,050 (trendline + structure reclaim). Until then, rallies are likely to face selling pressure.
📌 Bias: Bearish below 2,000
⚠️ Wait for breakdown confirmation for continuation shorts
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