$ETH update
the retest I was waiting for finally came
ETH traded through the $2,665–$2,700 area and even swept slightly below it, but importantly, we still haven’t had a 4H close below $2,640
so the setup is still alive
but I wouldn’t call the bounce fully convincing yet
ETF inflows are still positive, but they’re slowing, ETH/BTC still isn’t showing real strength, and the latest bounce was helped a lot by short liquidations
so if you took the retest, I think the position still makes sense
I just wouldn’t add here yet
what I want next:
$2,700 reclaim and hold
then eventually
$2,785 acceptance
A 4H close below $2,640 would invalidate the setup for me
the retest happened. now ETH needs to prove it can actually lead
the retest I was waiting for finally came
ETH traded through the $2,665–$2,700 area and even swept slightly below it, but importantly, we still haven’t had a 4H close below $2,640
so the setup is still alive
but I wouldn’t call the bounce fully convincing yet
ETF inflows are still positive, but they’re slowing, ETH/BTC still isn’t showing real strength, and the latest bounce was helped a lot by short liquidations
so if you took the retest, I think the position still makes sense
I just wouldn’t add here yet
what I want next:
$2,700 reclaim and hold
then eventually
$2,785 acceptance
A 4H close below $2,640 would invalidate the setup for me
the retest happened. now ETH needs to prove it can actually lead