🚨 ETH/USDT Bearish Analysis! 🚨
📍 Current Price: $1,999.70 (-0.48%)
📊 Market Sentiment: ETH is testing the lower boundary of the ascending channel. A breakdown below this level could signal further downside pressure.
📌 Key Levels:
🔹 Resistance: $2,050 – $2,100
🔹 Support: $1,987 – $1,900
📉 Bearish Setup:
🔸 Entry: $1,990 – $2,000 (On rejection or breakdown)
🔸 Stop Loss: $2,050
🔸 Take Profit: $1,900 – $1,850
🎯 Targets:
✅ TP1: $1,950
✅ TP2: $1,920
✅ TP3: $1,900
✅ TP4: $1,850
⚠️ Pro Tip: If ETH breaks below $1,987 with strong volume, expect further selling pressure towards $1,900.