Ethereum is rebounding towards $2,050 after losing its ascending channel, but it remains close to a key demand zone around $2,000. Holding that level could pave the way for a return towards $2,500, while a daily close below $1,900 would erase the base of the summer rally and expose the market to the $1,500 June lows. On the four-hour chart, ETH remains trapped in a descending channel marked by lower highs and lower lows, with no clear sign of a reversal. The Coinbase Premium Index, at around -0.12, indicates weak demand from US investors, making the $2,000 support level even more critical.
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