Ethereum is showing a clear bearish market structure after breaking multiple support levels (BOS) and forming a descending channel. Price has recently dropped sharply into a strong demand zone around the 1,950–2,000 area, where a short-term consolidation is forming. This suggests a possible relief bounce from demand before continuation or deeper confirmation.
The immediate upside target lies around **2,080–2,100**, aligning with previous structure resistance and the marked target point. If momentum sustains, price may test the lower boundary of the Ichimoku cloud acting as dynamic resistance.
Overall bias remains bearish unless price reclaims higher structure, but a **short-term bullish pullback toward 2,100** is expected from the demand zone.
The immediate upside target lies around **2,080–2,100**, aligning with previous structure resistance and the marked target point. If momentum sustains, price may test the lower boundary of the Ichimoku cloud acting as dynamic resistance.
Overall bias remains bearish unless price reclaims higher structure, but a **short-term bullish pullback toward 2,100** is expected from the demand zone.
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join to get daily basis 2-3 free signal for educational purpose
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get information about Gold, BTC and forex market
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.