๐ข Probable bullish path (4H Chart)
If ETH holds $2,685โ$2,690 and gets a solid 4H close above $2,727, the next test would be:
$2,738 โ $2,748โ$2,750 โ ~$2,790
A convincing 4H close above $2,750 would provide stronger confirmation that the recent recovery is extending.
๐ด Bearish path
If ETH is rejected around $2,727โ$2,750, watch the support sequence:
$2,685 โ $2,657 โ $2,642
A break below $2,642 would weaken the current recovery structure and bring the $2,635 low back into focus.
๐ฏ My chart-based read
Right now, Iโd characterize the setup as a short-term recovery inside a broader resistance zone, rather than a confirmed bullish breakout.
If ETH holds $2,685โ$2,690 and gets a solid 4H close above $2,727, the next test would be:
$2,738 โ $2,748โ$2,750 โ ~$2,790
A convincing 4H close above $2,750 would provide stronger confirmation that the recent recovery is extending.
๐ด Bearish path
If ETH is rejected around $2,727โ$2,750, watch the support sequence:
$2,685 โ $2,657 โ $2,642
A break below $2,642 would weaken the current recovery structure and bring the $2,635 low back into focus.
๐ฏ My chart-based read
Right now, Iโd characterize the setup as a short-term recovery inside a broader resistance zone, rather than a confirmed bullish breakout.
