Ethereum is consolidating around $1.9K after a sharp recovery from its June and July lows. The daily chart shows ETH caught between the $1.8K support zone and the $2.1K resistance area, with $2K being a key threshold for structural improvement. A sustained move above $2K would confirm the start of a new uptrend, while a breakdown below $1.8K could expose the $1.55K support zone. The Taker Buy/Sell Ratio has improved but remains below the neutral level of 1, suggesting that aggressive buying pressure has not yet clearly taken control.
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