📊 ETH/USDT – Rejection or Breakdown?
ETH is currently below the strong resistance area around $2,000 – $2,020 on the 2H timeframe, after experiencing a sharp decline.
The price appears to be consolidating slightly below the supply, which often indicates a potential bearish continuation.
🎯 Trade Scenario
• Entry area: $1,985 – $2,000
• Target: $1,920
• Invalidation: Breakout above $2,020
As long as the price is unable to reclaim the resistance area, there is a chance of rejection and further decline towards the next demand.
The current structure still shows bearish control, so strong confirmation is needed for a directional change.
⚠️ Always manage risk. Consolidation below resistance often appears calm… before the market moves aggressively.