$ETH 3D | https://t.co/XonKmgc4v1
- Given the cluster of bullish indicator signals but macro structure still bearish, my bias is cautiously neutral-bullish for now. I’d be looking for a sweep of 2220 for a possible long setup, especially if the move below 2220 is quickly rejected and price closes back above with momentum. If confirmed, I would expect price to move first toward 2404 and then 2623.
- If price fails to reclaim 2220 and breaks down with momentum, next downside target would be the 2111 support, and below that, a potential run to 1747.
- Confirmation is key: Wait for a clear reversal signal on a lower timeframe like a bullish engulfing, pin bar, or sharp reclaim after a liquidity sweep for long entries. For shorts, look for exhaustion or reversal at resistance after an aggressive rally.
- My expectation is for a bounce soon as long as 2220 holds and bullish reversal signals appear. If not, be prepared for a deeper flush toward 2111 or 1747.
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