So ETH held the $1,800-$1,900 zone and pushed back above $1,924. A few weeks ago everyone in this sub was calling it dead money and honestly I get why — it's been brutal.

But some things caught my attention.

RSI is back above 50 for the first time in weeks. Not screaming bullish by any means but at least the selling momentum seems to be slowing down. More interesting to me is the Coinbase Premium Index flipping positive again. For those who don't know, that basically measures the price gap between Coinbase and Binance — when it turns positive it usually means U.S. buyers are more active, which tends to be associated with institutional spot demand rather than retail chasing pumps.

Now I'm not saying this is the bottom. ETH is still below key trend indicators and this could very easily be a dead cat bounce. The real test is $2,111-$2,150. If it breaks that cleanly, $2,250-$2,300 becomes realistic. If it gets rejected there, we're probably looking at $1,900 getting retested and potentially $1,700-$1,850 as the deeper floor.

What I can't ignore is that institutional-looking demand showed up right at these levels. That's not nothing.

Are you treating this as a bounce to sell into, or do you actually think this is the start of something real?

ETH just bounced hard off $1,800 and I'm genuinely not sure what to make of it