Ethereum saw a strong 7% bounce from daily support at $1,550, but the overall market structure remains bearish. Price now eyes the $2,000 resistance, which must be broken to confirm a structural shift.
Key Points:
- Bounce from $1,550 looks strong but lacks significant volume support.
- $2,000 is a key level — failure to break may lead back to $800 range lows.
Right now, this move should be treated as a reactive bounce, not a confirmed reversal. If ETH fails at $2,000, the downtrend likely resumes. But if it reclaims that level with strong momentum, we could see the first higher high in months.
Ethereum has bounced 7% from key daily support at $1,550, but bearish market structure still dominates. A break above $2,000 is needed to confirm a bullish shift. Until then, downside risks toward $800 remain.
Key Points:
- Bounce from $1,550 looks strong but lacks significant volume support.
- $2,000 is a key level — failure to break may lead back to $800 range lows.
Right now, this move should be treated as a reactive bounce, not a confirmed reversal. If ETH fails at $2,000, the downtrend likely resumes. But if it reclaims that level with strong momentum, we could see the first higher high in months.
Ethereum has bounced 7% from key daily support at $1,550, but bearish market structure still dominates. A break above $2,000 is needed to confirm a bullish shift. Until then, downside risks toward $800 remain.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.