đ„ $ETH Rejection Near $2K, But Bounce Setup Brewing! đ
$ETH just ran into resistance near the $2,000 psychological level, sparking a pullback from the top and hinting at shortâterm weakness before the next attempt to break higher. Recent analysis shows ETHâs struggle around $2K has been a key battle zone, with price often rejected and correcting in this area.
đ Trade Plan:
đ© Entry Zone: 1,980 â 1,995
đ Bullish Above: 2,005 (invalidates rejection and flips momentum)
đŻ Targets:
âą TP1: 2,025
âą TP2: 2,055
âą TP3: 2,100
đ Stop Loss: 1,955
đ Market Read:
âą Price has been struggling around $2,000â2,050 resistance â bears have repeatedly rejected upside, keeping ETH under pressure.
âą If ETH flips back above 2,005 with conviction, the path toward 2,025â2,100 becomes more likely as structure shifts bullish.
âą Failure to reclaim above this area could invite deeper pullbacks first before the next breakout attempt.
đĄ In short: Bulls need to overcome the current rejection zone to confirm strength â but if they break above 2,005, targets toward the next resistance cluster light up!
Letâs go $ETH! đđ„
#ETH #Crypto #TradeSetup #TechnicalAnalysis