Ethereum is currently trading around 1,913 and continues to hold a bullish structure after recovering strongly from the 1,509 support zone.

Price is now approaching a major Daily Supply zone around 1,954–2,045, with the 0.72 level near 1,974 and 0.786 Fibonacci level around 2,016 providing strong confluence inside the zone.

The current bullish structure could push ETH toward the 2K area, where I’ll be watching for a reaction from the Daily Supply. A confirmed rejection from this zone could potentially lead to a deeper retracement toward the lower structure.

Key Levels:
• 0.618: ~1,908
• 0.72: ~1,974
• 0.786: ~2,016
• Daily Supply: ~1,954–2,045
• Major Support: ~1,509

The focus is on how price reacts inside the supply zone rather than predicting a blind reversal.

Not financial advice. Trade at your own risk.