At Decision Point
ETH consolidating just below resistance after a strong impulsive move
Shallow Pullback Scenario
Holding above the 50 EMA suggests strength → continuation higher
Deeper Pullback Risk
Lose this support and price likely rotates into the 0.618 below
Structure Still Intact (For Now)
Higher lows remain — but momentum is slowing
In Summary
Ethereum is now sitting at a key decision point after its recent impulsive move higher. The main question here is whether price continues upward after only a minor pullback, or if a deeper retracement is needed first. Holding above the 50 EMA would signal strength and favour continuation, while a break below would likely lead to a move into the 0.618 retracement. For now, structure remains intact, but momentum is beginning to slow as price compresses beneath resistance
