Is $ETH ‌ finally done bleeding or are we just waiting for the next drop?

Looking at the daily chart, we've been in a pretty ugly downtrend since that $3,300 peak. But if you look closely at the recent price action around $1,750, it seems like the bears are losing a bit of their steam.
Right now we're sitting at $2,048.45 and trying to hold onto this minor recovery. We've been consolidating in a tight range for about two weeks now, which usually means a big move is brewing.
Resistance is sitting heavy at the $2,380 level. If we can't break that with some actual volume, this is just a dead cat bounce. On the flip side, the $1,750 area is acting as a solid floor for now.
I'm not going all in here, but I'm watching that $2,100 mark. If we flip that, things could get interesting. If we lose the recent lows, then it's a long way down.
Just playing it level by level.

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