$ETHUSD - Watching this range after the rejection

Been looking at $ETHUSD after that move earlier. The 1870ish area held as resistance again, which isn't a huge surprise given the recent history. What's interesting is how quickly it pulled back to the 1850s. I'm seeing a potential range now forming between roughly 1845 and that 1870 overhead. If it can solidify support around the 1845-1850 zone, then a retest of 1870, or even 1880, seems plausible.

The risk, for me, would be a clear break and sustained close below 1840. That would invalidate the current range consolidation idea and likely open up a move towards the lower 1830s, maybe even 1820. Just keeping an eye on how price reacts around these levels over the next 24 hours. The volume on this latest rejection wasn't massive, which gives some hope for continued ranging, but certainly not ignoring the downside potential.