ETHUSD Outlook Around 1860-1880

I've been looking at $ETHUSD around 1860-1880 as an interesting zone for quite some time now. It's been hovering around this area for days, acting like it's about to break down only to be pulled back up, or trying to go up only to be pushed back down. I see it as if it's building a base, or preparing to make a big move in one direction.

Looking at the daily chart, it seems there's significant support around 1850-1860. If it truly breaks below this zone, I think there's a good chance we could see a deeper correction easily, possibly testing 1800 or lower. However, if it can hold above this level and we start to see strong buying volume return, especially if it closes above 1900 significantly, then there might be a chance to retest the previous resistance around 1930-1950. Nevertheless, with the current market conditions still very uncertain, trading around this zone carries relatively high risk and requires extra caution.