Ethereum holds 2000 and regains market confidence

Ethereum is finally stabilizing above the 2000 level after weeks of heavy pressure. The important part is not just the bounce but how price is behaving as it defended the lows and reclaimed key structure.

Traders are now watching the 2800-2850 zone closely for a clean break. Acceptance there could trigger momentum-driven buying and short covering, opening a path toward 3000.

On-chain data adds context as exchange reserves sit near multi-year lows. This suggests reduced sell-side supply just as ETF-related outflows start to slow down.

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Do you think the 2000 level will serve as a permanent floor for the next bull run?