Ethereum rebounds 20%, but downtrend persists as ETH tests $2,150–$2,400 resistance

Ethereum bounced about 20% from the mid-$1,700s, but the broader structure still looks corrective after months of declines. Price is challenging $2,150 with $2,300–$2,400 above, while $1,750–$1,800 remains key support. On-chain exchange reserves sit near multi‑year lows, hinting at supply moving off exchanges.