Eth's been stuck in this weird zone where it keeps defending support but can't seem to get past that $2,150 resistance. I've been watching the charts and honestly the picture is still pretty mixed right now. Yeah, it's holding above the key $1,700-$1,800 floor from February, which matters, but we're still below the 100 and 200 day MAs so it doesn't feel like a real trend flip yet.

Looking at the 4-hour, things are a bit more positive. Price has been making higher lows since late February and the momentum looks fresher than it did during that brutal selloff. RSI recovered nicely. But here's the problem - every time we try to push through $2,150, we get rejected. If that level finally breaks, we could see a quick move toward $2,300-$2,400. If it doesn't? We're probably grinding sideways for a while longer. The bigger bearish pivot is still way up there around $2,800, so even in the best case this looks more like a recovery inside a downtrend rather than a real escape.

On-chain is interesting though. Network activity actually picked up even as price was getting hit, which suggests people weren't completely bailing on the chain. But the latest data shows that participation cooled off again once price stress came back. So it's not giving a clean bullish signal yet - more like cautious optimism waiting for price to actually prove something. Until we see a convincing break above that $2,150 resistance, I'm treating this as a bounce attempt, not a reversal.