11d • ETH updates
ETH
Eth since weekend
Strong reaction off the lower range. Impulse up was clean. But context matters.
This move came fast, into a known level. Nxt level Is our support 2, 3.5k. That usually invites some form of pause or pullback. Not bearish. Just normal.
Key thing I’m watching isn’t the wick. It’s acceptance.
If ETH can hold above the prior range and consolidate, that’s constructive. If this turns into a fast rejection back into the range, then this was just a relief move.
Take note volume today is lower than yesterday. Momentum starts to slow down.
Zooming out, this still fits the bigger picture. Early year volatility. Probing moves. Market testing where supply actually sits.
I’m still positioned.
Sto rsi is also very heated
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