ETHUSD resistance retest capped at 2,033

The ETHUSD pair continues to display a bearish outlook, in line with the prevailing downward trend. Recent price action suggests a retest of the current swing high, potentially setting up for another move lower if resistance holds.

Key Level: 2,033
This zone, previously a consolidation area, now acts as a significant resistance level.
A failed test and rejection at 2,033 would likely resume the bearish momentum.

Downside targets include:

1,750 – Initial support

1,665 – Intermediate support

1,581 – Longer-term support level

Bullish Scenario (breakout above 2,033):
A confirmed breakout and daily close above 2,033 would invalidate the bearish setup.

In that case, potential upside resistance levels are:

2,100 – First resistance

2,172 – Further upside target

Conclusion
ETHUSD remains under bearish pressure, with the 2,033 level acting as a key inflection point. As long as price remains below this level, the bias favours further downside. Traders should watch for price confirmation around that level to assess the next move.

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