$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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