7d • ETH updates
ETH
daily view.
price rejected from the upper green zone and flushed back into mid range.
Price action failed to break through that 3.1k area
what i like
sto rsi fully reset from overbought and curling up.
this gives room for a bounce without being stretched.
what i dont like
rsi still below 50.
momentum not reclaimed yet.
structure wise
2.85k remains the key downside support.
if that goes, next logical area is 2.6k.
upside
3.1k needs to flip cleanly before talking about strength.
3.5k is still the real test, not even in play yet.
this is still range behaviour.
bounces inside a range are not trends.
patience here.
eth needs confirmation, not hope.
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