Ethereum is sitting at a major psychological & technical level right now — $2,000 🧠 This zone has acted as both strong support and strong resistance in past cycles.
🔍 What the chart is telling us
ETH has completed a deep corrective leg from the $4,900–$5,000 area 📉
Price is now back at a historical demand zone (around $1,900–$2,050)
Previous cycles show a rounded bottom → expansion move from similar structures 🌀
📌 Key scenarios from here
🟢 Bullish case (more likely if $2K holds):
Strong base building above $1,950
Short-term bounce toward $2,300 – $2,600
If momentum builds ➝ $3,000+ becomes realistic 🚀
🔴 Bearish case (if $2K breaks):
Quick liquidity sweep to $1,800 – $1,700
This would likely be a final shakeout, not the end ❌
Strong hands usually accumulate there 🐋
🧠 Market psychology
Fear is high 😨
Sentiment is weak
Exactly where long-term reversals usually start 😉
🧭 Final thought
ETH at $2,000 is not about speed — it’s about positioning. Big moves come after patience, not panic.
Watch the weekly close 👀 $2K decides the next chapter 📊🔥