$ETH at a Crossroads — Relief Bounce or Setup?
$ETH dipped to the $1,903 zone and quickly reacted.
Now price is hovering around $1,947 after a sharp rejection from the $2,015 high.
The question isn’t whether Ethereum can bounce.
The question is whether this bounce has conviction.
Volume spiked during the sell-off.
Recovery volume? Noticeably lighter.
That usually tells a story.
When price falls aggressively and climbs back slowly, it often signals: • Sellers were urgent
• Buyers are cautious
• Market is waiting for confirmation
$1,900 is acting as short-term support.
$2,000–$2,020 remains the immediate supply zone.
If ETH reclaims 2K with strength, sentiment shifts quickly.
If not, this may just be a temporary relief before another volatility wave.
Right now this feels less like trend reversal…
and more like positioning before the next move.
Patience > prediction.
What do you think — reclaim 2K soon or retest 1.9K first?
#ETH #Crypto #TechnicalAnalysis