$ETH is trading around the current range after a relatively quiet weekend.
The plan remains unchanged from yesterday. I’m waiting for the next major market session to see which direction Ethereum chooses.
The most likely scenario is a retrace of the recent move before the next directional move takes shape.
A retest of the lows could offer a strong opportunity to build longs, while the short setup remains valid if $ETH revisits the upper resistance area.
The coming days could bring strong momentum and potentially a move toward new highs.
However, with the macro backdrop looking increasingly bearish, a deeper pullback remains highly likely.
For me, that would simply create another opportunity to scale into swing longs at higher-timeframe points of interest.
The plan remains unchanged from yesterday. I’m waiting for the next major market session to see which direction Ethereum chooses.
The most likely scenario is a retrace of the recent move before the next directional move takes shape.
A retest of the lows could offer a strong opportunity to build longs, while the short setup remains valid if $ETH revisits the upper resistance area.
The coming days could bring strong momentum and potentially a move toward new highs.
However, with the macro backdrop looking increasingly bearish, a deeper pullback remains highly likely.
For me, that would simply create another opportunity to scale into swing longs at higher-timeframe points of interest.
