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The ETH chart has reacted to the micro support area as shared earlier today. The idea is that there is a good chance of moving higher, potentially to the resistance area, as the price action has shown an initial 5-wave move up from the swing low. However, it's too small to confirm a meaningful reversal or an ABC structure. The resistance area is between $2000 and $2095. A break above $2095 would confirm the next step, which would be a move to new all-time highs if the C-wave for the longer-term chart has started. The current price is $1977.74. However, it is important to note that the market is in a state of high emotionality, and we should focus on whether a low has formed. If the price breaks below $1868.56, it invalidates the bullish structure.