Ethereum Bearish Breakdown Toward Lower Demand Zone

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Ethereum Bearish Breakdown Toward Lower Demand ZoneEthereum / US DollarCOINBASE:ETHUSDPRIMEALPHA-FXThe chart shows **Ethereum (ETH/USD)** trading on the 1-hour timeframe, where price initially ranged within a consolidation zone before experiencing a sharp bearish breakdown. After failing to sustain above the highlighted resistance area near **2,140–2,150**, price rejected strongly and broke below the ascending trendline, signaling weakness. A key **Fair Value Gap (FVG)** around **2,100–2,110** acted as a temporary reaction zone, but sellers maintained control and pushed price lower. The breakdown also led to a loss of the mid support zone around **2,080**, confirming bearish momentum. Currently, price is consolidating below structure, suggesting a possible minor pullback before continuation downward. **🎯 Target:** * **Primary Target:** 2,028 * **Extended Target:** 2,000 (psychological level if momentum continues) **🔎 Outlook:** As long as price remains below the **2,100 resistance zone**, the bias stays bearish. Any pullback into the FVG or broken structure may offer continuation opportunities toward the downside target.