$ETH is hovering around $1,965 on the 4H chart, stabilizing after forming a series of lower highs from the $2,150 peak.
The bounce from $1,897 confirms buyers are defending the $1,900 demand zone, but upside follow-through remains limited. Rejections near $2,000–$2,050 show supply is still active.
Structure currently supports a consolidation phase between $1,900 and $2,050. A strong 4H close above $2,050 with expanding volume could open room toward $2,100+.
Losing $1,900, however, may trigger a move toward $1,850 liquidity.
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