$ETH Ethereum is currently trading near $1,980, stabilizing after a sharp intraday drop toward the $1,965 support zone. Price action on lower timeframes shows a short-term recovery, but ETH remains below the psychological $2,000 - $2,020 resistance, keeping momentum neutral to slightly bearish.
Immediate Support: $1,960 - $1,970
Major Support: $1,920 - $1,930
Immediate Resistance: $2,000 - $2,020
Breakout Resistance: $2,050
Trade Scenarios:
Long entries favor dips near $1,960-$1,970, targeting $2,000-$2,030, with SL below $1,930.
Short setups become valid on rejection near $2,010-$2,020, targeting $1,970-$1,950, with SL above $2,050.
A decisive breakout above $2,020 with strong volume could shift short-term structure bullish, while loss of $1,960 may extend downside pressure.
Trade with confirmation and strict risk management.
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