ETH Key Support| Price Action| Trend| Bounce Continuation

Ethereum saw a strong 7% bounce from daily support at $1,550, but the overall market structure remains bearish. Price now eyes the $2,000 resistance, which must be broken to confirm a structural shift.

Key Points:
- Bounce from $1,550 looks strong but lacks significant volume support.
- $2,000 is a key level — failure to break may lead back to $800 range lows.

Right now, this move should be treated as a reactive bounce, not a confirmed reversal. If ETH fails at $2,000, the downtrend likely resumes. But if it reclaims that level with strong momentum, we could see the first higher high in months.

Ethereum has bounced 7% from key daily support at $1,550, but bearish market structure still dominates. A break above $2,000 is needed to confirm a bullish shift. Until then, downside risks toward $800 remain.