$ETH is still trading inside a weak intraday structure on the 15m.

Price swept lower liquidity around 2176 and reacted immediately, which shows buyers are still defending that area for now.

The issue is momentum. Every bounce since the local high near 2198 has produced lower highs, meaning supply is still sitting overhead. Current recovery looks more like short-term relief rather than strong expansion.

2180–2176 is the key demand zone.

If price keeps holding above it and starts reclaiming 2188–2190 with acceptance, continuation toward 2195+ becomes possible.

But if 2176 breaks cleanly with volume, there’s a high chance price looks for deeper liquidity below the range.

For now this is a market where patience matters more than forcing entries. Structure is still compressing and waiting for confirmation is safer than anticipating direction early.