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$ETH is sitting at a very important spot right now.
The chart is not fully clean yet, but this zone is definitely worth watching. Price tapped the 1,890 demand area and is trying to hold on there, while the overall structure still shows sellers in control.
For me, the real shift starts only if ETH reclaims 1,980. That would make the bounce look much healthier.
Clean setup, but patience is key here.
Bulls need to defend 1,890 and flip 1,980 back into support.
Until then, this is a bounce setup, not a confirmed trend reversal.
ETH looking like it’s at that “prove it” level now.