Ethereum price tests $1,950 as ratio hints pivot

ETH daily chart.

Price is now compressing between roughly $1,950 and $2,000. A higher high has not formed, and until ETH climbs through the $2,200–$2,300 region, the larger structure tilts bearish.

Bollinger Bands widened sharply during the drop as price pierced the lower band near $1,850. That expansion reflected a spike in volatility.

The bands have begun to narrow, pointing to a cooling phase. ETH trades below the middle band, currently around $1,980–$2,000, which is acting as near-term resistance.

The relative strength index fell into the 25–30 zone during the selloff, deep in oversold territory. It has recovered to around 40. Momentum has improved slightly, yet buyers have not regained full control. A push above 50 would strengthen the case for a more durable bounce.

Support lies between $1,850 and $1,880. If that floor gives way, the next area to watch sits near $1,700–$1,750. On the upside, $2,000 is the first barrier, followed by stronger resistance between $2,120 and $2,200.