$ETH ‌#GateSquare$50KRedPacketGiveaway

📊 Current Price
$2,021
Down about -2.5%
Strong bearish candle just printed
🔎 Trend Analysis (1H)
✅ Moving Averages
MA5: 2044
MA10: 2063
MA30: 2074
Price is below all key MAs → short-term trend is bearish
MAs are also starting to slope downward → confirms downside momentum.
📉 Momentum Indicators
🔴 MACD (12,26,9)
MACD line below signal line
Histogram expanding negative
Bearish momentum increasing
This supports continuation to the downside unless strong buying appears.
📊 Volume
Recent big red candle with higher volume
→ Indicates strong selling pressure
→ Not just weak drift down
🧱 Key Levels
🔹 Support:
$2,010 – $2,000 (major psychological zone)
If breaks → next support around $1,990 – $1,970
🔹 Resistance:
$2,040
$2,060 – $2,075 (MA cluster resistance)
📌 Possible Scenarios
🐻 Bearish Scenario (More Likely Now)
If price stays below $2,040, continuation toward:
$2,000
Possibly $1,980
🐂 Bullish Reversal Scenario
Need:
Strong reclaim above $2,060
MACD crossover
Volume confirmation
🎯 Trade Idea (Educational Only)
Short setup:
Entry: Pullback to $2,035–$2,050
SL: Above $2,075
Targets: $2,000 / $1,980
OR
Long setup (Aggressive):
Only if strong bounce from $2,000
Tight stop below $1,990
Right now bias = Short-term bearish