$ETH just bounced off $1.6k support.

Here’s what that means

1/

$1,600 has been a critical psychological and technical level for Ethereum.

A clean bounce here signals that buyers are stepping in — confidence is holding.

2/

This level has acted as support in past cycles.

Each time ETH defends it, we get a stronger foundation for a potential move higher.

3/

A failed bounce would’ve hinted at weakness and possible drop to $1.5k or lower.

But this reaction shows bulls aren’t done yet.

4/

Watch for follow-through:

Break above $1.7k = confirmation of strength

Break below $1.6k = failed bounce, prepare for volatility

5/

This is not financial advice, but the market is watching this level closely.

ETH above $1.6k = bullish bias holds.

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