Patience is key.
Spot buying on the 4H remains strong and continues to lead price action. I'm seeing the same pattern of decelerating bids, but with no major spot selloff materializing.
Structurally, it looks like price wants to begin a Wyckoff Distribution phase.
However there's no proper shift in CVD (Cumulative Volume Delta) on the spot side to confirm this yet.
Bottom line: Still requires more time before a confirmed move. .$ETH
Spot buying on the 4H remains strong and continues to lead price action. I'm seeing the same pattern of decelerating bids, but with no major spot selloff materializing.
Structurally, it looks like price wants to begin a Wyckoff Distribution phase.
However there's no proper shift in CVD (Cumulative Volume Delta) on the spot side to confirm this yet.
Bottom line: Still requires more time before a confirmed move. .$ETH
