Exchange supply shrinks by 220K ETH; $1,850 demand zone key for ETH's next move

Short-term bounces lack conviction and on-chain/liquidity dynamics favor a downside sweep. Untested liquidity below current levels and the risk of losing the point of control increase the probability of a deeper corrective move toward the ~$900 range; volatility would likely expand unless buyers reclaim control with strong volume.
AI Analysis
Summary states short-term bounces lack conviction, liquidity is lower with untested liquidity beneath current levels, and losing the point of control raises probability of a corrective move toward ~$900; volatility would likely expand and ETH may trade below $1,000 unless buyers reclaim control with strong volume.