$ETH /USDT – Bearish Pullback From 2K Resistance
$ETH /USDT is trading around 1,974, facing rejection near the psychological 2,000 level after printing a 24H high at 1,995. Price is struggling to sustain above 1,980–2,000 resistance, signaling short-term exhaustion and a possible corrective move toward lower support zones
📉 Trade Setup – Short Position
Entry Range: 1,970 – 1,990
Target 1: 1,960
Target 2: 1,940
Target 3: 1,913
Stop Loss (SL): 2,02
🔑 Key Levels:
Major Resistance: 2,000 – 2,020
Intraday Resistance: 1,980
Immediate Support: 1,960
Major Support Zone: 1,913 – 1,900
📊 Technical Analysis:
Repeated rejection below 2,000 indicates strong supply zone.
Price forming short-term lower highs on lower timeframes.
Breakdown below 1,960 may accelerate momentum toward 1,940 and 1,913 liquidity levels.
🔎 Short Outlook of Market:
As long as $ETH/USDT remains below 2,000–2,020, downside pressure is likely to continue toward 1,940 and potentially 1,913. A clean breakout and strong close above 2,020 would invalidate the bearish setup and shift momentum back to bullish continuation.
⚠️ Wait for confirmation (bearish engulfing or strong rejection candle) before entering. Always manage risk properly.
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