ETHUSDT is trading at $2,058.47, down 0.18% in the last 24 hours after testing resistance near $2,081. The 15-minute trend has turned bearish with price action showing consistent rejection around the $2,059-2,060 zone. Recent closes reveal tight consolidation with bearish undertones as ETH struggles to break above yesterday's highs, despite normal trading volume of $286M.
Key support sits at the 24-hour low of $2,040, which represents a critical level for bulls to defend. A break below this could trigger further downside toward $2,020-2,030 range. Current bias leans slightly bearish given the recent rejection pattern, but the tight range suggests waiting for a clear break of either $2,040 support or $2,070 resistance before taking directional positions.
