Is $ETH ‌ finally finding its floor or are we just catching a falling knife?

That drop from 1,960 was pretty brutal and it definitely wiped out some late longs. Right now we’re sitting at 1,866 and trying to consolidate after hitting that local low of 1,837.
The volume looks okay but we really need to see some strength here. If 1,830 holds then we might get a relief bounce back toward 1,900.
But honestly if we lose this area it could get ugly fast. I'm watching the next few hourly candles closely before doing anything.

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