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$ETH is mirroring BTC weakness on the 15m timeframe and remains below the EMA(200), which keeps short term momentum bearish.
Key support:
* 2050–2052 current demand zone
* 2035 next intraday support
* Losing 2050 could open sharper downside
Key resistance:
* 2068 short-term resistance
* 2087 EMA(200)
* 2100–2110 major reclaim zone
Bearish scenario:
As long as ETH stays below the EMA(200), sellers control the short term structure. Repeated failures near 2080–2090 increase probability of another sweep toward 2050 or lower.
Bullish scenario:
ETH needs a clean reclaim above 2087 with strong candles and volume. If buyers recover that level, price could rotate back toward 2105–2140.
Right now the chart still looks like consolidation inside a short term downtrend, not a confirmed bullish reversal. BTC direction will likely decide ETH’s next major move
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