$ETH/USDTCurrent Price: ~$2,119
Timeframe Analyzed: 1D (Daily)
Trend Context: Strong bearish continuation
🔍 Market Structure
ETH has broken multiple higher-timeframe supports
Clear lower highs & lower lows → textbook downtrend
Price rejected hard near $3,400 and never recovered
No confirmed higher low yet → trend not reversed
📉 Market structure = Bearish
📉 Trend Analysis
Short-term: Bearish
Mid-term: Bearish
Long-term: Bearish (30D −32%, 90D −38%)
ETH is trading far below key moving averages, meaning sellers are fully in control.
📐 Support & Resistance Levels
🟢 Key Supports
$2,100 – $2,050 (current demand zone)
$1,980 – $2,000 (psychological + liquidity zone)
$1,850 (last major structure support)
⚠️ If $2,000 breaks, expect panic selling / long liquidations
🔴 Key Resistances
$2,250 – $2,300
$2,450
$2,600 (major trend resistance)
Any bounce into resistance without volume = sell the rally
📊 Volume Analysis
Sell volume expanding → confirms bearish momentum
No strong bullish volume spike yet
Capitulation possible, but not confirmed
📌 Volume confirms the downtrend
📉 Indicators Overview
Moving Averages
Price below MA(5) & MA(10)
MA slope pointing down sharply
→ No bullish crossover yet
RSI (Estimated)
Likely near oversold (30–35)
Oversold ≠ reversal
RSI can stay oversold during strong downtrends
Momentum
Strong bearish momentum
No bullish divergence confirmed yet
🧠 Market Psychology
Fear dominant
Weak hands exiting
Longs getting liquidated
Smart money waiting, not buying aggressively yet
🧭 Trade Scenarios
🐻 Bearish Continuation (Higher Probability)
Rejection near $2,250–$2,300
Breakdown below $2,000
Targets: $1,980 → $1,850
🐂 Relief Bounce (Short-Term Only)
Bounce from $2,050–$2,100
Weak volume
Likely retrace toward $2,250–$2,300
Not a trend reversal unless ETH closes above $2,600
✅ Confirmation Needed for Trend Reversal
To flip bullish, ETH must:
Hold above $2,300
Form a higher low
Break & close above $2,600
Show strong bullish volume
Until then → trend remains bearish
📌 Final Verdict
🔻 ETH/USDT is in a strong downtrend
⚠️ Catching bottoms is risky
📈 Only short-term bounces possible
🧘 Best strategy: wait for confirmation, don’t FOMO
