$ETH USDT is showing clear downside continuation after failing to hold above 2,100. The rejection from the 2,150 zone triggered a sharp selloff, sweeping liquidity down to 1,995 before a weak stabilization near 2,000. This is not a random dip — it’s structured distribution with sellers in control.
Price is now compressing just above psychological support at 2,000. MACD remains firmly bearish with no meaningful crossover, and volume expanded on the breakdown, confirming strong selling pressure. The current bounce is shallow, indicating buyers are still passive.
Market Overview: The 2,000 level is critical. Holding it may trigger a relief bounce toward 2,050–2,080, but the broader structure remains bearish unless ETH reclaims 2,100. A breakdown below 1,995 opens the door toward 1,950 and deeper liquidity zones.
Trade Setup:
EP: 2,000 – 2,020
TP: 2,050 / 2,080 / 2,120
SL: 1,980
This is a relief bounce setup inside a bearish trend. Confirmation comes only if price builds strength above 2,050. If rejection continues below that level, expect further downside expansion rather than immediate recovery.
