$ETH just flushed into a major demand pocket and bounced now the key levels are very clear.

Support:

• $1,940–1,960 (current reaction zone)

• $1,900–1,880 (next safety net if sellers push again)

Resistance:

• $2,040–2,080 (first bounce target)

• $2,150–2,200 (major supply zone)

Holding above $1,940 keeps the rebound scenario alive losing $1,900 opens the door for another leg down before real buyers step in.