Everyone is calling this $ETH bounce a reclaim, but price is still trading under both EMAs after a downside BOS. The sharp selloff broke structure, and this rebound is doing what rebounds do: testing overhead supply. 2535.56 is the 50 EMA and the first real decision. Rejection there keeps 2405.07 as the structural draw, likely within the next session or two. Only a sustained hold above 2535.56 weakens the bearish read, with 2560 as the line that would flip the hourly bias. Are you treating this bounce as a reclaim or a retest? #Altcoin Season#