Is Ethereum finally done with the bloodbath or is this just another trap?

Looking at the daily chart, $ETH ‌ is fighting for its life around 2127. We’ve had a rough couple of weeks coming down from that 3k level, but the price action is finally starting to flatten out.
The range between 1750 and 1950 seems to be acting as a solid floor for now. Every time we dip into that zone, the buyers step in just enough to keep us afloat. On the flip side, we have some serious resistance sitting at 2250. We need a lot more volume than what I'm seeing today to actually clear that hurdle and turn the trend around.
Until we break 2250 with a strong daily close, I’m treating this as sideways consolidation. It's better to be patient than to get chopped up in this range.

#CryptoMarketBouncesBack