$ETH Grinding Under 2k Supply

bounced cleanly from the 1850–1830 (Monday Low) and is now pressing back into prior supply just below 2k. We’re at a decision zone here.

Key Levels
local supply: 2k
Must-hold pivot: 1957 (Monday Open)
Major support: $850–1830
expansion trigger: 2080 (Thursday High)

Bullish Case
If we can hold Monday open and price won't spent longer at this level. Reclaim consolidation above 2K opens the door to 2080s (Thursday High).

Bearish Case (Rounded Selling Risk)
If fails to reclaim 2k and starts grinding sideways under supply, we could see a rounded distribution / slow bleed structure.

Lose Monday open (1957) and the path likely rotates back into 1850–1830 value. Lose that, and we’re back in range-low territory.

Right now this looks more like a reaction into supply, not confirmed strength yet.

2k is the line in the sand.
Acceptance above = continuation.
Rejection + grind = rounded selloff risk.

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