$ETH is showing signs of fragility, trading at $1,995 after a ~0.84% dip, with technicals hinting at a possible retest of resistance before a sharper correction.

On the 1‑hour chart, ETH is pressing against a highlighted supply zone near $2,145, where sellers have historically stepped in. The upward trendline suggests momentum is still intact, but the projection shows a likely retest of this resistance followed by a potential rejection. The schematic arrows point to a bearish scenario: a push higher into the zone, then a sharp move downward if supply overwhelms demand.

This setup reflects a classic liquidity grab — price tests resistance, lures longs, then reverses to flush weak hands. Traders are watching closely: if ETH fails to break cleanly above $2,145, the downside could accelerate toward the $1,880–$1,900 range. Conversely, a decisive breakout above resistance would invalidate the bearish bias and open room for continuation higher.

#Ethereum is at a crossroads. The short‑term structure favors a retest and rejection, but the broader trendline support keeps bulls alive. The next move hinges on how price reacts at $2,145 — rejection could trigger a deeper pullback, while a breakout would reignite bullish momentum.

⚠️ Risk Note: Traders should monitor volume at resistance. Weak buying pressure could confirm the bearish scenario, while strong inflows could flip sentiment quickly.