$ETH is at a critical juncture: will supply around 1885 cap this rebound for another leg down? Price is in a clear bearish trend after breaking market structure at 1857.89. The current bounce is testing the 1877.4-1885.89 supply zone, a key area from the prior breakdown. A rejection here confirms sellers are defending the downtrend, targeting 1857.89 and potentially 1846.17 liquidity. Invalidation for this bearish outlook would be a sustained move above 1899.74, which aligns with slow EMA resistance. Do you think Ethereum can reclaim higher ground, or is more downside ahead? We share insights like this daily in our community, check the bio to join us.