$ETH holding steady around 1,968 after sweeping lows near 1,905 and reclaiming intraday structure. 4H shows compression under 1,975 resistance — a clean break and acceptance above 1,980 could open momentum toward the 2,020 liquidity pocket.
Funding looks neutral while volume remains elevated (1.8B+ USDC), suggesting positioning rather than panic. If price loses 1,950 with conviction, expect a liquidity hunt toward 1,920–1,930 demand before any meaningful bounce.
Personally, I’m leaning range-to-break strategy: fade extremes, flip bias on confirmed breakout. Patience > prediction in this zone.