Ethereum forms bear bounce near $2,050, risks drop to $1,900

RLinda: ETH rebound is a bear bounce; watch $2,024–$2,062, risk to $1,900

Ethereum trades just above $2,000. RLinda warns the rebound is a counter‑trend move with resistance at $2,024–$2,062 and downside to $1,900. Source.

“Crypto winter continues,” writes RLinda. Support near $2,000 can break. TradingView.

On the 2h chart, ETH prints lower highs and lows since a mid‑March rejection near $2,380. The latest low hit $1,960–$1,990 over the weekend. Chart.

Macro adds pressure. Bitcoin failed a $72,000 push and reversed to $65,810. Bears took back control. NewsBTC. Spot ETFs broke a 4‑week positive streak with $296m outflows. Bitcoinist. Short bets grew and weakness spilled into altcoins. NewsBTC.

Key zone to watch sits at $2,024–$2,062. It’s prior support turned resistance with 0.5–0.618 Fibs and a descending trendline capping March’s lower highs. TradingView NewsBTC.

• Liquidity tests eyed at $2,025–$2,038 TradingView
• Resistance marks: $2,025, $2,037, $2,062; POI $2,062.50 TradingView
• Short squeeze into this zone could precede a fade lower NewsBTC

Bear confirmation, per RLinda: a retest, a false breakout above resistance, then consolidation in the short zone. NewsBTC.

If confirmed, the map points to $1,900 support. TradingView.