$ETH Update
ETH reacted cleanly from the 2030–2040 supply zone we highlighted earlier and already pulled back around 6–7%, confirming that resistance is still active.
Right now price is trending below the 1900 area, and the bounce looks weak and more like a temporary pause. The liquidation heatmap still shows a cluster sitting below the recent lows, which means price can sweep lower levels before any stronger upside move begins.
As long as ETH stays under the 2000–2040 zone, pressure remains on the downside, while the next area of interest sits below 1900 toward the 1840 liquidity pocket.
DYOR