Ethereum has responded to a critical daily support level with a strong bounce, offering a glimmer of hope for bulls. However, price action remains within a larger range, and the path to recovery depends on structural confirmation and volume support.Ethereum recently found support at the key daily level of $1,550 after undergoing a steep and aggressive sell-off. This level has historically acted as a strong area of interest, and price reacted accordingly, printing a sharp 10% bounce to the upside. While this move looks promising in isolation, it’s important to note that it occurred within a broader bearish market structure, which has remained intact for several months. The sustainability of this bounce depends largely on follow-through and whether volume can support continued upward momentum.Key pointsEthereum bounced 10% from daily support at $1,550, but the move lacks volume strength.The $2,000 resistance is critical for breaking the bearish structure and confirming a higher high.Fail...
