19d • ETH updates
ETH
Now zoom out. This is the important part.
2. 2k is our current reaction zone. This is where buyers must defend for any local base to form.
2k is a psychological + liquidity magnet. Very common to see a sweep here even if a bounce is coming.
1.75k is next major HTF demand if this leg continues lower.
2.6k
First serious resistance.
3k
Only above here do we even start talking about structural repair.
I’m cautious still and not calling a bottom
1. Weekly structure is still bearish
Lower highs, lower lows. One bounce doesn’t change that.
2. No bullish engulfing on HTF
We’ve had reactions, not a decisive shift in control.
3. This bounce came after liquidation, not accumulation
4. Former supports are now overhead supply
My remainder position stays risk-free
Do not add unless we reclaim 2.3–2.4k and hold or we get a clean HTF bullish engulfing
If stopped at breakeven, that’s a win
This is not the phase to be aggressive.
It’s the phase to extract profits, reduce risk, and wait for confirmation.
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