Let’s review $ETH ’s recent price action. I previously said to pay close attention to whether it could hold the key psychological level at 2000, and that call was right—price slid all the way down from its 24h high of 2035.5, not only losing 2000 but dropping straight to a low of 1896.0. It’s now at 1955.5, down 3.88% over 24h, confirming that it failed to hold above 2000 and that bears have been in control of this pullback. Where I was wrong: I expected the 1896–1900 range to provide decent support and spark a bounce, but the rebound was weaker than anticipated. Price has been hovering around 1955 without quickly making up lost ground. I admit I was too optimistic there. Volume at 819.2M isn’t particularly elevated, suggesting panic selling has been limited, but there’s also a lack of buying support. My updated view: $ETH is now stuck between the low at 1896 and the 2000 level, with 1955.5 an awkward position. To the upside, it needs to hold above 1970 to have a chance of retesting 2000. To the downside, if it breaks below 1930 again, 1896 will likely be tested a second time. Volatility may pick up when the U.S. session opens this evening, so I’ll watch how price reacts at 1930 and 1970 before deciding on a direction. The correlation with $BTC is also worth keeping an eye on.📉