Ethereum has shown relatively strong resilience, only dipping to 1900 without breaking below it, suggesting a potential short-term bottom. However, the current rebound is weak, likely a bull trap, and a further dip is probable. Wait for a break below this level before buying; consider going long in the 1880-1850 range. If the rebound suddenly strengthens, I would first short, then go long, depending on the strength of the rebound.