$ETH setup looks simple here.
Weekly downtrend is broken and price is now fighting the $2.4K-$2.6K zone.
This is the level that decides the next move.
Hold above $2.2K-$2.3K and bulls are still in control.
Clean reclaim of $2.6K and I think Ethereum starts moving toward $3.2K-$3.6K first.
After that, the big magnet is still the upper channel around $5K-$6K.
Lose $2K and the setup gets weaker.
But for now?This looks like early weekly reversal, not the top.
I’m not fading $ETH here.
Weekly downtrend is broken and price is now fighting the $2.4K-$2.6K zone.
This is the level that decides the next move.
Hold above $2.2K-$2.3K and bulls are still in control.
Clean reclaim of $2.6K and I think Ethereum starts moving toward $3.2K-$3.6K first.
After that, the big magnet is still the upper channel around $5K-$6K.
Lose $2K and the setup gets weaker.
But for now?This looks like early weekly reversal, not the top.
I’m not fading $ETH here.
