$ETH is trading around $1,967.99, down -2.57%, and the recent upside wicks above the local range high continue to look like liquidity sweeps rather than real breakout attempts.
Each push higher is met with aggressive selling pressure, forcing price back below resistance and keeping structure capped.
Unless ETH can secure strong acceptance above the $2,000–$2,020 area with sustained volume, the bias favors a rotation back toward $1,920 and possibly $1,880 support.
For now, range highs remain a supply zone, and rallies appear to be distribution, not expansion.
$ETH