If market closes like this with bullish engulfing candle, that will be bullish short term. Down side is we are entering into a weekend with that.

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.

Momentum continued after the bullish engulfing candle. However sto rsi is half way up and price has to move fast

Strong bullish engulfing candle close too.

Up $200+ from entry but only a decisive close above 3.66k will remove any bearishness. For the record it has pumped for 5 days