ETHUSDT 1D: Bearish Trendline Retest and Short Setup

ETHUSDT is trading at a key decision zone on the daily chart. Price is holding near the 2,020 area after rejecting below the major descending trendline from the November high through the May lower high.

Chart logic:
- Main bearish trendline remains active.
- 2,140 is the invalidation zone for the short setup.
- 2,020 is the breakdown/retest area.
- 1,900 is the first downside support.
- 1,745 is the deeper support and final target zone.

Trading plan shown on the chart:
Entry: around 2,020 after rejection or failed retest.
Stop loss: around 2,140.
TP1: 1,900.
Final target: 1,745 area.
Risk/reward is roughly 1:2.3 toward the deeper target.

Bullish invalidation:
A clean daily close back above 2,140, followed by a successful retest, would weaken the bearish idea and open the door toward 2,445.

For now, the cleanest approach is to wait for confirmation instead of chasing price in the middle of the range.

Not financial advice. DYOR.