$ETH update
the re-revision I was waiting for finally arrived
ETH negotiated through the $2,665–$2,700 zone and even pushed slightly below it, but most importantly we still haven’t had a 4H close below $2,640
so the scenario is still valid
but I wouldn’t yet say the bounce is fully convincing
ETF inflows are still positive, but they’re slowing down; ETH/BTC still doesn’t show real strength, and the most recent rebound was largely helped by short liquidations
so if you took the re-revision, I think the position still makes sense
I just wouldn’t add here yet
what I want next:
reclaim and hold $2,700
and then eventually
acceptance at $2,785
a 4H close below $2,640 would invalidate the scenario for me
the re-revision has occurred. now ETH needs to prove it can truly lead
the re-revision I was waiting for finally arrived
ETH negotiated through the $2,665–$2,700 zone and even pushed slightly below it, but most importantly we still haven’t had a 4H close below $2,640
so the scenario is still valid
but I wouldn’t yet say the bounce is fully convincing
ETF inflows are still positive, but they’re slowing down; ETH/BTC still doesn’t show real strength, and the most recent rebound was largely helped by short liquidations
so if you took the re-revision, I think the position still makes sense
I just wouldn’t add here yet
what I want next:
reclaim and hold $2,700
and then eventually
acceptance at $2,785
a 4H close below $2,640 would invalidate the scenario for me
the re-revision has occurred. now ETH needs to prove it can truly lead