$ETH is +0.93% on 24h, but the past two hours only shifted it from 2,688 to 2,695. Who is quietly repositioning in that silence?

$ETH last 2,695, 24h +0.93%, sitting at 48.7% of the 24h range 2,657 - 2,738.

On 15m, 4 of the last six candles closed green - buyers still absorbing.

On 15m, $ETH trades above MA20 (2,688) and MA50 (2,684); the two MAs are pinned together, range-bound.

On 2H, range 2,626 - 2,749, price at 57.2%; 2H MA20 2,683, price 0.48% above it.

Daily structure is intact bullish: $ETH MA20 at 2,614, price 3.12% above; daily range 1,712 - 2,807, position 89.9%.

Levels, straight numbers:

$ETH resistance 2,699 (last 8x 15m high).

Support 2,683 (last 8x 15m low); below that, 2,657 — the 24h low.

Funding 0.0080%, flat — no leverage build-up on the perp side.

[$ETH VIEW] NEUTRAL (12-24h)

[WHY] 1) 2H MA20 (2,683) supports price, mid-term structure intact; 2) 4 of last 6 15m candles green, momentum strong; 3) price at 48.7% of the 24h range, mid-range — no edge yet

[TRIGGER] reclaim 2,699 and hold two 15m candles -> view flips stronger; lose 2,683 -> view flips bearish or void

[INVALIDATION] A high-volume 15m candle closing back through the level = stop-run, this view is void.

This round: BTC +0.54%, ETH +0.93%, SOL -0.35%, FIL +0.23%, AAVE +3.83% — $ETH here — long or short?