$ETH is trading near $1,982 and drifting back toward a historically important demand zone around $1,600 an area that previously attracted strong buying interest.
Market structure on higher timeframes still leans constructive as long as this base holds.
A sustained defense of $1,600 could keep bullish momentum alive and open the path toward the next major resistance near $2,800.
However, a confirmed breakdown below support would shift sentiment and weaken the current outlook.
For now, ETH remains range-bound with buyers watching this level closely.
