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$ETH consolidating after bounce from 1,747 low. Price hovering around 2,060 between MA7 and MA25, showing recovery attempt. However, strong downtrend persists with price far below MA99 at 2,489. Descending trendline resistance overhead. Consolidation range 2,000-2,100. Break above could trigger short-term rally; failure risks retesting support.
Targets:
TP1: 2,100
TP2: 2,180
TP3: 2,250
Stop Loss: 1,980
Note: Monitor volume and price action at MA7 resistance. Secure profits incrementally given prevailing bearish structure.