Called this months ago.
$1500 was the target if ETH failed to break higher โ and price is now trading in that zone.
At these levels, I think itโs reasonable to start accumulating slowly given how deep the correction has become. But structurally, ETH still remains in a downtrend. For any stronger bullish scenario, I want to see a reclaim of the $2K level first.
Until then, Iโm treating the $2Kโ$870 area as a large range. If downside continuation follows the trend, a sweep of the lows around $1Kโ$890 is still very possible.
As of now, I donโt see real bullish confirmation on ETH unless we break and hold above the range highs.