ETH/USDT – 2H – BUY

The 2H chart for ETH/USDT has fired a cluster of mixed signals, including a Bear Pennant, BOP Zero Cross Up, MACD Signal Cross Up, and STOCHF KD Cross Up, alongside several momentum indicators crossing down (MOM, ROC, ROCR). This combination suggests a potential short-term bullish correction within a broader bearish trend. The trend across timeframes is predominantly bearish, with the 1H and 2H showing trend forming (2/5), while the 1D remains bullish and solid (3/5). The confluence of a bearish pattern with a few bullish momentum crossovers indicates that buyers may attempt a bounce, but the overall higher timeframe pressure remains bearish.

Key levels to watch are the nearest resistance at 1936.99 and support at 1848.70. A break above resistance could signal a stronger reversal, while a loss of support would likely confirm continued downside. Given the weak signal strength (60%) and the bearish alignment across most timeframes, traders should treat this as a counter-trend opportunity with limited upside potential. The bullish daily trend provides some backdrop, but the immediate bias remains bearish until price action confirms a reversal.