ETH is trading at $2055.15, up a modest 0.25% in 24h with a tight range between $2044.63-$2062.10. The 15-minute chart shows bearish momentum with recent closes declining from $2056+ levels, suggesting short-term selling pressure. Volume remains normal at 155M USDT, indicating consolidation rather than decisive directional moves.
Key support sits at the $2045 daily low, which needs to hold to prevent further downside. Resistance remains at $2060-2062 zone where ETH has struggled multiple times. With the recent bearish 15m trend and price sitting mid-range, favor short-term shorts on any bounce to $2058+ with stops above $2063, targeting the daily low retest.
